U.S. Trade Deficit Surprisingly Falls In November But 2023 Goods Deficit Still Over $1 Trillion
The U.S. trade deficit fell by 2% in November over the previous month, with both exports and imports relatively flat ahead of the holiday season.
October Trade Deficit Up 5% As EU, Mexico Goods Gap Breaks 2022 Levels
The October trade deficit rose, but the biggest takeaway from the latest data is how much the China goods gap is in decline this year.
Trade Deficit Rises 4.9% In September As This Year’s Goods Gap Set To Topple $1 Trillion Again
The September trade deficit rose over August with no end in sight to a record breaking goods gap led by imports from China, the EU and Mexico.
Trade Deficit Falls 9.9% As Economy Slows. Meanwhile, EU Trade Gap Beats Mexico
The deficit fell in August thanks to US crude oil exports and autoparts shipments to Mexico, for example. But overall, the goods deficit rages on and will break $1.03 trillion this year.
As June Trade Deficit Falls, U.S. Still On Track to Repeat $1 Trillion Trade Gap with World
The June deficit fell for the second month in a row, but that doesn’t mean the U.S. is not on track for another trillion-dollar trade gap with the world. China remains largest single source of the trade deficit.
May Trade Deficit Falls 7.3% to $68.9 Billion; China Deficit Drops 20%
The U.S. trade deficit remains on par to crack $1 trillion again. Meanwhile, a soft decoupling from China can be seen in the latest trade data.
U.S. Trade Deficit Rises 23% in April; Goods Gap Breaks Record For Year
China as a source for American imports is on the wane thanks to tariffs, other business risks. But strong dollar keeps imports booming.
In Latest House Ways & Means Trade Hearing, the Hardships of China ‘Decoupling’
The trade deficit is financing China’s rise, some members of the House Ways & Means Subcommittee on Trade say. What’s at stake? Is it fixable?
U.S. Monthly Trade Deficit Up 2.7% as Goods Gap Hits $183.2 Billion in Two Months
What the U.S. trade deficit for February is telling us about American supply chains, and dollar strength due to rising interest rates.
U.S. Starts 2023 with $68.3 Billion Trade Gap; Goods Deficit Already at $91.08 Billion
The U.S. posted its usual trade deficit for the month of January. A look at what we buy, and who we buy it from.
