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    Why 2025’s Record Breaking Trade Deficit Doesn’t Hurt the Argument for Tariffs

    Why 2025’s Record Breaking Trade Deficit Doesn’t Hurt the Argument for Tariffs

    March 4, 2026

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    Why 2025’s Record Breaking Trade Deficit Doesn’t Hurt the Argument for Tariffs

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Trade Deficit Declines by 12% in July as Economic Slowdown Begins

Archive, CPA News, Featured Home Page, Issues, Newsroom, Trade and TariffsBy Kenneth RapozaSeptember 7, 2022Leave a comment

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

Archive, Featured Home Page, Featured Research, Research, Research Hub ArticlesBy Jeff FerrySeptember 2, 2022Leave a comment

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

Mighty Dollar – Mighty Wrong

Research Hub Articles, ArchiveBy John R. HansenAugust 2, 2022Leave a comment

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

U.S. Trade Deficit Eases in April, Down 19.1% to $87.1 Billion

Featured Home Page, CPA News, Issues, Newsroom, Trade and TariffsBy Kenneth RapozaJune 7, 2022Leave a comment

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

Archive, commentary, Commentary Featured, CPA News, Featured Home Page, Issues, Newsroom, Trade and TariffsBy Kenneth RapozaMay 4, 2022Leave a comment

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

Featured Home Page, CPA News, Issues, Newsroom, Trade and TariffsBy Kenneth RapozaMarch 8, 2022Leave a comment

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

Featured Home Page, CPA News, Issues, Newsroom, Trade and TariffsBy Kenneth RapozaFebruary 8, 2022Leave a comment

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

Research Hub Articles, Archive, Featured Home PageBy Jeff FerryJanuary 26, 202239 Comments

            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

Supply Chain Bottlenecks, Pandemic, Tariffs, No Match For U.S. Highest Ever Trade Deficit

Featured Home Page, CPA News, Issues, Newsroom, Trade and TariffsBy Kenneth RapozaJanuary 6, 2022Leave a comment

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

Featured Home Page, CPA News, Issues, Newsroom, Trade and TariffsBy Kenneth RapozaOctober 5, 2021Leave a comment

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.

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