October Exports Down 1% Imports Up 1.5%: Expect Trump To Howl

The balance of trade deficit increased sharply in October with exports down and imports up.

In October, the Census Bureau reported the trade deficit widened by 2.5%, with exports down 1.0% and imports up 1.5%.

From a year ago, exports are up 5.5% and imports are up 7.1%.

These numbers will subtract a couple ticks from fourth-quarter GDP estimates. They will also have Trump howling about trade deficits.