Gold is being withdrawn en masse from the U.S., trade deficit drops to a 5-year low
U.S. trade in September recorded the lowest deficit in 5 years mainly due to the 'massive import-export' of gold: after a panic-driven import due to concerns over Trump's tariffs, gold was again shipped back overseas in large quantities when confirmed not to be subjected to tariffs. Specifically, in September, 6.1 billion USD worth of gold was transferred abroad, significantly contributing to the increase in exports. Additionally, consumer goods exports increased, while computer imports sharply decreased, indicating that AI demand is not as expected. Although tariff policies cause short-term fluctuations in trade, experts emphasize that the long-term trade balance still depends on the savings-investment model of the economy.
