Trade Deficit Declines by 12% in July as Economic Slowdown Begins
The July trade deficit fell to its lower level of the year, a sign of a slowing economy. However, if trends continue, the goods deficit will break another record in 2022.
China Trade Surplus and US Deficit Hit New Records, Driving Global Instability
ecKey Points China’s global trade surplus is heading for a new all-time high this year. Based on the first seven months of data, we estimate the full-year surplus will reach a record $886 billion. The U.S trade deficit will also set records this year, at an estimated $1.13 trillion trade deficit and a $1.34 trillion…
Mighty Dollar – Mighty Wrong
In his recent WSJ column “Strong Dollar Wins the Inflation Battle in New Spin on Currency Wars,” James Mackintosh suggests that the dollar’s sharp appreciation in recent years has been good for America and may be part of “an essential rebalancing of the global economy.” The costs of a bloated dollar are very high. Trade…
U.S. Trade Deficit Eases in April, Down 19.1% to $87.1 Billion
The trade deficit fell. But the January-April goods deficit is still another record breaker.
Monthly Trade Deficit Tops $100 Billion for First Time in History
An overvalued dollar is helping to exacerbate the country’s largest-ever trade deficit in goods. The U.S. is on pace for $1.1 trillion deficit in 2022.
January Trade Deficit Hits $89 Billion; Goods Trade Deficit Balloons to Record $108.9 Billion
January trade figures show 2022 is starting off with the largest-ever trade gap between the U.S. and other countries.
Goods Trade Deficit Tops $1 Trillion, Equivalent The Size of the Mexican Economy
The U.S. broke the trade deficit sound barrier in 2021, hitting $1.09 trillion. Why tariff policy isn’t enough to stem the tide of imports.
The Trade Deficit is Worse Than We Thought: De Minimis Hides $128 Billion of U.S. Imports
Summary: This is the first ever estimate of substantial missing import data due to the U.S de minimis program. The “de minimis” provision of U.S. customs law allows imports valued at less than $800 to enter the U.S. duty-free. The impact of de minimis on the U.S. economy is large and getting larger. We…
Supply Chain Bottlenecks, Pandemic, Tariffs, No Match For U.S. Highest Ever Trade Deficit
The U.S. will break a $1 trillion goods trade deficit with the world this year. Neither pandemic, nor supply chain bottlenecks, nor trade war tariffs could stop it as tariff circumvention to SE Asia and a strong dollar make importing easy.
August Trade Deficit Rises as Nothing Stands in Way for $1 Trillion Goods Deficit in 2021
August was another big month for imports, with consumer goods leading the way. At this rate, the U.S. will post over a $1 trillion deficit in 2021, a record-breaker.