Mexican Media Brands
U.S. Trade Deficit Hits 10-Year High
The U.S. goods and services trade deficit grew by $69 billion to a 10-year high of $621 billion in 2018, according to government data.
#economics
Share
The U.S. goods and services trade deficit grew by $69 billion to a 10-year high of $621 billion in 2018, according to the U.S. Bureau of Economic Analysis.
Last year the country’s exports grew by $149 billion to $2.5 trillion. But imports rose by a $218 billion to $3.1 trillion, the bureau reports.
The trend is counter to President Donald Trump’s efforts to shrink the trade gap, which he blames on unfair trade practices by other countries. But economists point out that a faster-growing economy, another Trump priority, tends to generate greater import volumes as consumer spending rises.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.