Trump's trade war not going as planned; hurting domestic, global economies

In the year so far, the US's overall goods and services deficit is up by $22 billion, or 7%, versus the same period last year

The numbers are not looking good for a president who has made reducing the US trade deficit one of his main economic goals.

Worse still, signs are emerging that President Donald Trump’s trade wars are starting to hit economic growth, not just at home but around the world.

New data out Wednesday showed the U.S. trade deficit in July widening at its fastest rate since 2015 as monthly deficits with China and the European Union both hit new records. In the year so far, the U.S.’s overall goods and services deficit is up by $22 billion, or 7 per cent, versus the