May 4, 2023
The U.S. trade deficit in goods and services declined to $64.2 billion in March, after reaching an all-time high in March 2020. The trade deficit for Q1 was $203.5 billion, -27.6% smaller than a year ago. In 2021, the annual U.S. trade deficit hit a new record at $845.0 billion. Higher tariff policies under the […]
January 5, 2023
The U.S. trade deficit in goods and services declined to $61.5 billion in November, after reaching an all-time high in March 2020. In 2021, the annual U.S. trade deficit hit a new record at $845.0 billion. Higher tariff policies under the Trump and Biden Administrations have not made any significant dent in the trade deficit. […]
December 13, 2022
The U.S. trade deficit in goods and services grew to $78.2 billion in October. In 2021, the U.S. trade deficit hit a new record at $845.0 billion. Higher tariff policies under the Trump and Biden Administrations have not made any significant dent in the trade deficit. Usually the trade deficit shrinks during a recession, but […]