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Bookmark or Share- What is a trade deficit and how does it affect the economy?The Congressional Research Service (CRS), a US government policy research organization, notes that “most economists conclude the trade deficit stems largely from U.S. macroeconomic policies and an imbalance between saving and investment in the economy”. It adds that “trade creates both economic benefits and costs, but that the long-run ...
- New report details global trade challenges - and other international ...Imports in the same month rose 7.7% year on year to $61.91 billion - pushing the trade deficit to $23.78 billion. Economists had expected a deficit of $19.5 billion, according to a Reuters poll. While unveiling the figures, trade secretary Sunil Barthwal underlined that inflation has eased in developed economies, potentially resulting in ...
- An economist explains why trade deficits aren't a bad thingA March poll, for example, showed that more than two-thirds think the U.S. should take steps to reduce the trade deficit with China, even if a resulting trade war drives up consumer prices. That’s in large part because of the notion expressed by some that the U.S. is “losing” if it has a trade deficit, one of the main justifications used ...
- Top global trade stories this month | World Economic ForumData from the US Census Bureau shows goods worth $427 billion were imported from China to the US, while $148 billion of goods were exported from the US to the world's second-largest economy. This trade deficit, which has endured for several decades, has become an increasingly contentious issue in Washington, according to Reuters.
- More than 30 years of US trade with China, in one chartUS President Donald Trump has complained about China’s trade practices for some time – even before he took office at the start of 2017. He says the US trade deficit with China - around $420 billion last year, as the chart above shows - is damaging US manufacturing prowess and jobs.
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