When services are included, such as insurance, tourism, and engineering, the USA had a $2.8 billion surplus with Canada a year ago.
Most economists caution this is likely to be a one-off growth spurt and not a new sustained trend.
Trump, who has repeatedly attacked the Obama administration's economic record, had pledged during the 2016 presidential race to double annual economic growth to 4 percent or more.
"As the trade deals come in one-by-one, we're going to go a lot higher than these numbers, and these are great numbers", Trumpsaid Friday at the White House.
The second quarter acceleration came in part after the injection of stimulus and Republican tax cuts.
Gross domestic product grew by 4.1 per cent annualised between April and June, the fastest pace since the third quarter of 2014. "It just has an impact in one quarter and will be reversed in the next".
In the second quarter, the USA recorded an 80% annualized jump in food, feed and beverage exports, mainly from soybeans and corn. At a rally at a steel plant in Illinois Thursday, Trump predicted that the numbers released by the Commerce Department Friday morning would be very good indeed, the Wall Street Journalreports.
"I'm left with a "meh" kind of mood as expectations were built up for this to be a strong number-including by administration officials", said Mazen Issa, a senior currency strategist at TD Securities. The Bureau of Economic Analysis incorporated new data sources, mainly tax return data from the IRS, that led them to make massive upward adjustments to personal income over the past several years. Less so now, when the economy is already at full employment and most tax cuts have gone to the wealthiest households, than during a downturn when any extra money in the pockets of individuals is immediately spent.
"The economy is now firing on all cylinders, and that growth is likely peaking", Bricklin Dwyer, senior USA economist at BNP Paribas, said in a research note. Economists also expect slower growth in 2019 and 2020.
I scan the headlines at CNN a few times every day, so I can tell you that it's pretty unusual to see a positive story about President Trump featured prominently on the site.
This all sounds like an economic train wreck waiting to happen.
But on CNN Maya MacGuineas, President of the Committee for a Responsible Federal Budget, pointed out that the economic bump is temporary-and fueled by President Donald Trump's trade war, which may cause long-term damage.
THE FACTS:Trump didn't inherit a fixer-upper economy. This has put Prime Minister Justin Trudeau and Finance Minister Bill Morneau in a political and economic bind.
Unemployment is lower than it has been for decades, corporate earnings are strong and it seems unlikely that a sudden crisis is looming that could derail things before Americans head to the polls in midterm elections that will have a huge bearing on Trump's presidency. And for now, at least, it should stand its ground.
Jones is perhaps best known for falsely claiming the 2012 massacre at Sandy Hook Elementary School was staged by actors. Fox News' Tucker Carlson defended Infowars' Alex Jones after Facebook suspended Jones for "bullying" and "hate speech".
James Vince, called up in place of the injured Jason Roy cut the first ball of England's reply, from Bhuvneshwar Kumar , for four. On Tuesday, with wickets falling in regular intervals, Dhoni remained calm and managed to score 42 runs off 66 balls.
Occasional showers will be possible through the first half of the day with pop-up thunderstorms arriving this afternoon. Highs will be in the upper 80s to lower 90s with the rain and the clouds. "Get indoors when this storm approaches".
Powering the device is a familiar Snapdragon 625 processor which is the same unit that's powering last year's Mi A1. Xiaomi is live streaming the Mi A2 launch, so you should be able to catch all the updates without missing anything.
This aspect of his personality was on display again today in his joint press conference with Russian leader Vladimir Putin . Trump again denied that there had been any collusion between his campaign and Russian Federation .
Spokesman Mohammed al-Kayed said the Syrians would remain in a closed area for up to three months before moving on. Evacuation plans were accelerated after last week's North Atlantic Treaty Organisation summit in Brussels.
The former Cleveland Browns quarterback was traded by the Tiger-Cats to the Montreal Alouettes Sunday, per ESPN News Services . Crowley claimed in court papers that Manziel hit her so hard during the incident that she lost hearing in her left ear.
He said dive teams were wrapping up for the evening and would resume in the morning. "I believe it was caused by weather, yes". The CoxHealth Medical Center said it was treating six patients from the incident, three of whom were under the age of 18.
Flash flood watch in effect for Cortland County
But as has been the case most of the week, it's not the heat but rather the humidity that makes it rather unbearable outside. As much as two to four inches of rain can fall in parts of the area during the next 48 hours.
Trump claims ex-lawyer's phone-taping is 'perhaps illegal'
The affair took place in 2006, while Trump was married to his current wife and shortly after the birth of his youngest son, Baron. Today, the president tweeted , " inconceivable that the government would break into a lawyer's office... nearly unheard of".
White House weighs Putin proposal on questioning U.S
He declined to answer whether Putin - who adamantly denies Moscow interfered with the US election - is lying, however. CHANG: Now, Trump also said today that he's been tougher on Russian Federation than any previous president.