trade deficit Archives - CFO

Biden’s Trade Policy Stresses Investment in U.S. Jobs

Biden’s Trade Policy Stresses Investment in U.S. Jobs

An early peek at President Joe Biden’s trade policy reveals it could put North America and its workers back on center stage.

By Vincent Ryan | February 12, 2021

U.S. Trade Deficit Jumps to Five-Month High

U.S. Trade Deficit Jumps to Five-Month High

Trade tensions between the United States and China continue to spur volatility.

By Lauren Muskett | July 3, 2019

U.S. Current Account Deficit Grows to $134.4B

U.S. Current Account Deficit Grows to $134.4B

The 6.1% increase in the fourth-quarter took the deficit to the highest level in 10 years and topped analysts' forecasts of a $130.0 billion shortfall.

By Matthew Heller | March 28, 2019

U.S. Trade Gap Jumps 12.5% to 10-Year High

U.S. Trade Gap Jumps 12.5% to 10-Year High

President Trump's tariffs haven't closed the trade gap with China, which rose 11.6% to a record $419 billion in 2018.

By Matthew Heller | March 6, 2019

Trade Deficit Jumps to $50 Billion in July

Trade Deficit Jumps to $50 Billion in July

The 9.5% monthly increase in the nominal U.S. trade deficit was the largest in three years.

By William Sprouse | September 5, 2018

U.S. Trade Deficit Falls 15% to $49 Billion

U.S. Trade Deficit Falls 15% to $49 Billion

Despite the March decline, the U.S. is still “on track to run another large trade gap in 2018 that exceeds the deficit in the prior year."

By Matthew Heller | May 4, 2018

U.S. Trade Gap Climbs 5% in January to $56.6B

U.S. Trade Gap Climbs 5% in January to $56.6B

The increase in the trade deficit to a nine-year high "will only add fuel to President Donald Trump’s protectionist rhetoric ," an economist says.

By Matthew Heller | March 8, 2018

U.S. Trade Gap Rises 12.1% in 2017

U.S. Trade Gap Rises 12.1% in 2017

The December deficit was the largest since 2008 as robust domestic demand pushed imports to a record high of $256.5 billion.

By Matthew Heller | February 7, 2018

US Trade Gap Edges up to $43.7B in July

US Trade Gap Edges up to $43.7B in July

The increase was less than expected but is unlikely to sit well with an administration that is seeking to cut the deficit.

By Matthew Heller | September 7, 2017

U.S. Trade Gap Narrows to $43.6B in February

U.S. Trade Gap Narrows to $43.6B in February

The 9.6% decline from January reflects a rise in exports to the highest level since December 2014.

By Matthew Heller | April 5, 2017

Trade Deficit Rises 9.6% to Near 5-Year High

Trade Deficit Rises 9.6% to Near 5-Year High

"Team Trump really has their work cut out for them if they are going to stick with the campaign pledge to double growth."

By Matthew Heller | March 8, 2017

Trade Gap Widens to Record $502B in 2016

Trade Gap Widens to Record $502B in 2016

The stronger dollar, larger federal budget deficits, and low national saving rates could force further widening in the trade deficit.

By Matthew Heller | February 8, 2017

U.S. Goods Trade Deficit Rises 5.5% to $65.3B

U.S. Goods Trade Deficit Rises 5.5% to $65.3B

The initial trade estimate for November suggests net trade "will again be a drag" on economic growth in the fourth quarter.

By Matthew Heller | December 29, 2016

Trade Deficit: Don’t Worry. Budget Deficit: Worry

Trade Deficit: Don’t Worry. Budget Deficit: Worry

Donald Trump's threat to impose heavy tariffs on Mexico and China addresses a nonexistent problem. He should focus instead on the federal budget deficit.

By Marc Wagman | December 12, 2016

U.S. Economy Picks Up Steam in Third Quarter

U.S. Economy Picks Up Steam in Third Quarter

After only a 1.4% increase in the previous quarter, GDP rose 2.9%, topping economists' estimates even though consumer spending growth eased to 2.1%.

By Matthew Heller | October 31, 2016