Supply Chain Research

The U.S. trade deficit may have increased for an eighth straight month in June. Panjiva analysis of seaborne exports from six major port complexes shows a 2.6% rise on a year earlier, including an 8% drop at Long Beach. Export prices increased by just 0.6%. Meanwhile, seaborne imports climbed 3.1% as a result of increased shipments by tariff-sensitive sectors including autos and metals and prices increased by 1.5%. With the trade surpluses of China and Japan already reported to have risen a modest increase in the U.S. goods deficit seems likely.