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Tag Archives: U.S. Bureau of Economic Analysis
January U.S. International Trade Deficit Sets Record
This was the highest on record, and is the beginning of a rerun of the previous Trump Administration’s economic mishaps. January exports were $269.8 billion, $3.3 billion more than December exports. January imports were $401.2 billion, $36.6 billion more than December imports.
The January increase in the goods and services deficit reflected an increase in the goods deficit of $33.5 billion to $156.8 billion and an increase in the services surplus of $0.2 billion to $25.4 billion. Continue reading
Posted in economy, news analysis, Trump Truth Tests
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, January 2025 U.S. International Trade Deficit, Ken Zino, Trump Administration, U.S. Bureau of Economic Analysis, U.S. Census Bureau, X @KenAutoinformed
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Trump Tariff Flops – December Goods Trade Deficit Up $15.7B
“The U.S. trade deficit for goods hit a record in 2025 despite Trump’s claim his signature tariffs would reduce it, new data shows. Trump declared the country’s goods trade deficit a national emergency last year and pledged to shrink it as part of efforts to revive U.S. manufacturing. Yesterday’s numbers add to previous data suggesting U.S. companies have generally not brought production back home—all while Trump’s tariff policy is being challenged in a Supreme Court case,” The Council on Foreign Relations (CFR) said. [The U.S. Supreme Court today in a 6-3 ruling said tariffs that Trump imposed under an emergency powers law were unconstitutional. This also covers so-called “reciprocal” tariffs that he levied. – AutoCrat] Continue reading →