Author: Erica Davies

MARCH DEFICIT EXPECTED TO INCREASE WITH END OF PORT STRIKES

February’s unusually low trade deficit will not be seen in March. The consensus forecast for the March trade deficit is $42.0 billion, up 11% from February’s revised deficit of $37.8 billion. The resolution of the West Coast port strike and a strong dollar will account for much of the trade […]

TRADE DEFICIT NARROWS TO END-OF-RECESSION LEVEL OF $35.4 BILLION

TRADE DEFICIT NARROWS TO END-OF-RECESSION LEVEL OF $35.4 BILLION

The U.S. trade deficit plummeted in February to its lowest level in five years as the West Coast labor disputes contributed to depressed imports and exports, and a stronger dollar hindered the global competitiveness of domestic goods. The deficit narrowed by $7.2 billion to $35.4 billion, a 17% decrease from […]

PORTS FIASCO NARROWS TRADE DEFICIT TO $41.8B IN JANUARY

PORTS FIASCO NARROWS TRADE DEFICIT TO $41.8B IN JANUARY

West Coast port labor negotiations and the strengthening dollar helped to shrink the U.S. trade gap in January. The U.S. Department of Commerce reported an 11% decrease in the trade deficit to $41.8 billion from $46.6 billion, ┬áthe largest since January 2012. Exports and imports decreased overall, with exports down […]