Supply Chain Research

The U.S. trade deficit, including goods and services, increased 24% on a year earlier and was 2% higher than economists’ expectations. This was mostly the result of another jump in imports of consumer goods, while the growth in exports of services failed to keep up. Exports of services may even contract in coming months as last year included Olympic broadcasting rights and travel bookings are reported to be falling. The deficit with China expanded 14% on a year earlier, though comments from U.S. Commerce Secretary Ross suggests some patience in allowing recently announced trade plans to ...