U.S. trade deficit with Japan widens 14.8% in October

The U.S. goods trade deficit with Japan widened 14.8 percent in October from the previous month to $5.85 billion, the Commerce Department said Friday. The trade deficit with China expanded 1.5 percent to $30.11 billion despite record exports of $14.72 billion, as imports also increased. The deficit with Mexico also grew 13.6 percent to $12.64 billion. Under his “America First” mantra, President Donald Trump has pledged to reduce U.S. trade deficits with Japan and other major trading partners such as China, Mexico and Germany. Globally, the U.S. deficit in trade of both goods and services grew …

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HEDGE accordingly