Capital Goods Imports Rise Fastest in Five Years, Pressuring Trump to Act — Panjiva
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Capital Goods Imports Rise Fastest in Five Years, Pressuring Trump to Act

Industrials - Capital Goods 601 Tariffs 1818 Trade Balance 933 U.S. 5347

The U.S. advance trade-in-goods deficit climbed 7% on a year earlier, the ninth straight increase on that basis. That was the result of export growth of 4% lagging the 5% rise in imports. The import growth was mostly the result of a rise in capital goods, which increased $4.9 billion on a year earlier marking the fastest expansion on that basis since March 2012. Should the increase be repeated at the full deficit report on September 6 then the pressure on the Trump administration to act swiftly to restrict imports may increase.

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