U.S. trade deficit soars 12% in March as coronavirus slams exporters and tourism

[turbinetree]

Source: Market Watch

Published: May 5, 2020 at 9:43 a.m. ET
By Jeffry Bartash

Global pandemic causes tourism and travel to collapse

The numbers: The U.S. trade deficit widened by almost 12% in March as the coronavirus pandemic grounded international flights, froze the global tourism industry and caused massive disruptions in the exchange of goods such as new cars and iPhones.

Imports fell 6.2%, but U.S. exports tumbled an even deeper 9.6% to cause the trade gap to rise. It’s the biggest monthly decline in exports ever recorded.

The U.S. deficit rose to $44.4 billion in March from $39.8 billion in February, the government said Tuesday. Economists polled by MarketWatch had forecast a $44.2 billion shortfall.

Read more: https://www.marketwatch.com/story/us-trade-deficit-soars-12-in-march-as-coronavirus-slams-american-exporters-2020-05-05

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And to top it all off, there is a new more deadly strain of the virus..............

Hold on................

[beachbumbob]

1. foriegn tourism to US is gonna be dead for year(s)

[IronLionZion]

2. Why would anyone want to visit a shithole country infected with disease and death

through corrupt mismanagement from it's elected officials? We're a failed state

[Lonestarblue]

4. Before the virus, tourists wanted to see cities like New York, Biston, San Francisco.

It will take years for cities hit hard by the virus to recover their appeal. Even before the virus, tourists to those cities were faced with close to third-world public transportation. Our metro cities are a disgrace compared with those in Europe. When will we ever have the money again to invest in the country?

[dalton99a]

6. Trump has rendered America an ugly and dangerous place to live and visit

[IronLionZion]

7. First we have to give trillions to corporations

immediately after the longest stock bull market in history and massive tax cuts and share buybacks. Then we have to pull ourselves up by the bootstraps as we wait for it to trickle down. Or something like that.

The Bush tax cuts, Trump tax cuts, 2 Iraq wars, 2 decade long Afghanistan war, Reagan tax cuts, and Reagan defense spending will prove themselves to be a much better investment than public transportation or public health could ever dream of. You'll see.

[Dopers_Greed]

3. The Trump Economy

[denem]

5. So much winning.

Very, very tired of it now.