U.S. Trade Deficit Improves

Bryan Riley / July 14, 2010

On July 13, the government released international trade statistics for the first five months of the year showing a growing trade deficit—and almost no one got the story right. Here are some examples:

“Trade Deficit Gets even Worse,” announced the July 13, 2010 Yahoo! Finance headline.

“Trade Deficit’s Increase Seen as an Unwelcome Surprise,” reported the Sacramento Bee.

“Surprise Jump in Trade Deficit Worries Economists,” warned the Los Angeles Times.

“U.S. Trade Data for May Presented yet More Unfortunate News for the U.S. Economy,” reported The Wall Street Journal. (more…)