Still More Winning! “U.S. goods trade deficit in August hits record high”

Headline from Politico. From today’s trade release for August:

Figure 1: US trade balance, bn. $, SAAR (blue, left scale), as a share of GDP (red, right scale). Light orange shading denotes Trump administration. Nominal GDP interpolated quadratic match. Source: BuCensus/BEA via FRED, BEA, and author’s calculations.