The key to rebalancing the global economy depends on narrowing the U.S. current account and trade deficits. For years, the global economy has operated on a simple, if unstated, agreement: As the United States has imported more goods and services than it exports, its trading partners have used some of ... READ MORE >
U.S. trade deficit
Morning market minute: The contradictions at the heart of U.S. economic policy
Abraham Lincoln once said that a house divided against itself cannot stand. That was true in 1858 and it’s true today when it comes to economic policy. The Trump administration’s strategic economic objective is to rebalance the global economy. That is, the Trump administration intends to reverse the ... READ MORE >
Chart of the day: U.S. trade deficit nears $90 billion, a record
The United States trade deficit reached a record high in January as strong domestic demand continued to push imports higher, especially oil, while exports were dampened by the omicron surge which reduced production and limited travel. The trade deficit widened 9.4% in January to $89.7 billion, ... READ MORE >
Chart of the day: U.S. trade deficit widens
The U.S. trade deficit widened in December for the second straight month as domestic demand for imported goods ended the year on a strong note. The gap between imports and exports increased by 1.8% to $80.7 billion in December, slightly lower than the all-time high of $80.8 billion in September, ... READ MORE >