Latest data released by the Bureau of Economic Analysis - 6 July 2018

  • Prior deficit $46.2 billion; revised to $46.1 billion
  • Goods deficit $65.8 billion
  • Services surplus $22.7 billion
  • Imports +0.4% vs -0.2% prior
  • Exports +1.9% vs +0.3% prior

The trade gap narrows to a one-and-a-half year low for the month of May, something Trump will be quite pleasant about I reckon. Despite the shrinking trade deficit, the trade gap with China actually grew from $27.96 billion in April to $33.19 billion in May - and that will surely irk Trump even further as they go to a trade war with China.