by Hafsa Quraishi | Feb 14, 2020 | Economy, Featured, International Trade
The United States’ international trade deficit shrank last year for the first time since 2013, as the U.S.-China trade war reduced imports and slowed global trade — but the trend will likely reverse this year as the market returns to normal. The U.S. trade...
by Hannah Miller | Apr 16, 2019 | Economy, Featured, International Trade
This Wednesday, the Commerce Department will publish the February data on the United States’ international trade in goods and services. This latest release comes just three weeks after the January report, which was delayed due to the government shutdown. Here are five...
by Hannah Miller | Mar 29, 2019 | Economy, Featured, International Trade
The United States’ trade deficit narrowed in January because of a steep drop in imports from China, but this improvement may only be temporary. The latest data from the Commerce Department showed that the deficit shrunk 15 percent from a decade-high in December to...
by Hannah Miller | Mar 11, 2019 | Economy, Featured, International Trade
The United States’ deficit in goods hit an all-time of $891.3 billion in 2018 because of President Donald Trump’s trade war-inducing tariffs and a growing economy that increased consumer spending on imports. Data from the Commerce Department showed that between 2017...
by Sarah Min | May 16, 2018 | Economy, Featured, International Trade, Newest
Rex Bledsoe, 61, first heard about the U.S. tariffs on Chinese goods on a tour bus in Bogotá, Colombia. He was heading back to his hotel from a state-sponsored trade show for textiles, when another passenger shared the news to the suppliers and buyers on the bus....
by Sarah Min | May 12, 2018 | Economy, International Trade, Newest
After a near decade high in February, the U.S. trade deficit fell in March, but mostly because of a spike in service imports from the 2018 Winter Olympic Games. The trade gap narrowed to $49 billion in March, falling $8.8 billion from $57.7 billion in February....