Charts of the Week
U.S. Trade Deficit
Chart of the Week for June 8, 2018 - June 14, 2018
On a monthly basis, the Census Bureau and the Bureau of Economic Analysis release a report on the U.S. Balance of Trade. The measure represents the difference between exports and imports of goods and services on trade with all nations, and it is commonly referred to as the "Trade Deficit" since imports have outweighed exports for years.
The chart above shows the Trade Deficit for past 12 months, which had been worsening through early 2018 but improved in March and April. The April 2018 value of -$46.2 billion was an eight-month low, as exports reached a record high of $211 billion. Trade policy and tariffs have been the topic of much political discussion recently. Economists note that the strength of the U.S. economy is a primary driver for the record export levels and increased imports. Economists also note that the continuing discussions between the U.S. and several nations on trade policy, particularly on products such as steel, could have the potential to negatively impact both imports and exports.
Posted by: sarah_oz@yahoo.com
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