The U.S. Census Bureau reported that the annual U.S. trade deficit in goods and services increased from $504.8 billion to $566.1 billion from 2016 to 2017, an increase of $61.2 billion (12.1 percent). The rapid growth of the overall U.S. trade deficit reflects the failure of Trump administration trade policies to materially affect trade flows in…
American schools that coordinate with the Chinese Ministry of Education should end their agreements because they are trying to teach a warped version of history that benefits the government, Sen. Marco Rubio, R-Fla., warned Monday. [Joel Gehrke | February 5, 2018 | Washington Examiner] Rubio asked several schools in his state to shutter the Confucius…
By Jeff Ferry, CPA Research Director The US trade deficit last year surged 12.1%, rising at three times the rate of nominal GDP growth, hampering US economic performance, employment levels, and incomes. The Department of Commerce reported this morning that the US trade deficit in goods and services came in at $566.0 billion, an increase…
by Michael Stumo, CEO of CPA The big news this week is that the annual US trade deficit increased in 2017 by 12% over 2016. Here are five reasons you should care. 1. Your stock market gains could be at risk – The economy that really matters—the jobs and industries that support middle class families across the…