Deficit Surge Raises Need For Urgency In Trump Trade Policy Action — Panjiva


Deficit Surge Raises Need For Urgency In Trump Trade Policy Action

Canada 341 China 1793 Mexico 516 Tariffs 1205 Trade Balance 668 Trade Deals 708 U.S. 3362 USMCA 378

The U.S. final trade deficit climbed 13% on a year earlier in October, marking the eighth straight rise and coming in 3% above expectations. A rise in the goods deficit accounted for the expansion. The services component was unchanged after an improvement in export growth to 4%. That in turn was the result of a 12% surge in business services exports, the fastest rate of growth since March 2012. It’s the goods deficit that is the focus of Trump administration trade policy though. The deficit with China climbed 13% for the month, bringing the 12 month trailing total to $367 billion. That w...

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