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US trade deficits are necessary to protect entitlements. Story by Tiana Lowe Doescher, Washington Examiner ... Well, our deficit-to-GDP ratio for the last fiscal year was 6.6%, ...
The United States typically records a large trade surplus in services, which is subtracted from the overall deficit. Last year, the services surplus fell 5.6 percent to $231.5 billion.
For example, in 2024 the United States total goods trade with China were an estimated $582.4 billion, broken down, the exports from the U.S. to China were $143.5 billion compared to $438.9 billion ...
The agricultural trade deficit for fiscal year 2025 is expected to grow from “a previous record of negative $30.5 billion in FY 2024 to a new record of negative $42.5 billion,” the statement ...
The trade deficit in goods was indeed higher under Trump in 2018 and 2019 than in any previous year, though that was not the case in 2017. However, this ignores a substantial surplus in services.
WASHINGTON, June 7 (Reuters) - The U.S. trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that if sustained ...
The US trade gap edged only slightly higher in October than the month before, to $78.2 billion. The latest reading was up just 5.4%, less than half the pace of increase from the revised September ...
WASHINGTON — The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount. The Commerce Department reported that the July deficit ...
Through the first eight months of 2020, the US has recorded a trade gap of $421.8 billion, up 5.7% from the same period in 2019. The total U.S. trade deficit for 2019 was $576.9 billion, down 0.5% ...
US trade deficit with China now $400 billion per year, much higher than in the 1990s If Your Time is short The United States imports much more in goods and services from China than it exports.
That's a $14.31 billion drop from September, when the trade deficit hit a record $81.4 billion. Empty product spots are seen in the warehouse of an IKEA store on Oct. 15, 2021, in the Red Hook ...