It should upset you that virtually everything stocking the shelves of our major retailers seems to have been made somewhere else. As a nation, we are consuming far more wealth than we […]
The United States and China are the two largest economies in the world by far, and the upcoming trade war that is about to erupt will be cataclysmic for both sides. The […]
The United States ran a merchandise trade deficit of $734,316,300,000 in 2016, according to data released today by the Census Bureau. During 2016, the U.S. imported $2,188,940,500,000 in goods but exported only […]
The cumulative merchandise trade deficit that the United States has run with Mexico in the 23 years since the North American Free Trade Agreement took effect is nearing $1,000,000,000,000, according to data […]
Did you know that we buy nearly five times as much stuff from the Chinese as they buy from us? According to government numbers that were just released, we imported 44.9 billion dollars worth of stuff from China in September but we only exported 9.
What this chart shows is that when it comes to core manufacturing and service trade, that which excludes petroleum, the US trade deficit hit some $49 billion dollars in the month of […]