September Trade Deficit Rises 11.6% As U.S. Heads For Record $1.1+ Trillion Goods Deficit
After a sharp six month decline, the trade deficit is back up and on track to break another record even as China imports stall.
After a sharp six month decline, the trade deficit is back up and on track to break another record even as China imports stall.
August trade figures reveal two things: a slowing economy, and a rising trade deficit with China as a strong dollar makes imports more attractive.
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.
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
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
The trade deficit fell. But the January-April goods deficit is still another record breaker.
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 figures show 2022 is starting off with the largest-ever trade gap between the U.S. and other countries.
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.
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