October Trade Deficit Falls 39%, Lowest In Years, But U.S. Will Still Surpass $1 Trillion Goods Gap In 2025

October Trade Deficit Falls 39%, Lowest In Years, But U.S. Will Still Surpass $1 Trillion Goods Gap In 2025

The October trade deficit fell by 39% for goods and services combined, but even the goods deficit fell to monthly numbers not seen in at least five years. The October deficit in goods was $59.14 billion, down 24.5% from September, the Bureau of Economic Analysis said on Thursday.

CPA Calls on Trump Administration to Prioritize Metal Fabricators in Ongoing Trade Actions

CPA Calls on Trump Administration to Prioritize Metal Fabricators in Ongoing Trade Actions

To trade away aluminum and steel workers’ home market in exchange for padding Big Tech’s bottom line overseas is immoral and wrong. The Section 232 actions on aluminum and steel should be singularly focused on rebuilding domestic output across the supply chains, not used as leverage to help Google and Meta become even more profitable.