Tag: goods trade deficit

US Goods Trade Deficit Narrows Sharply; Core Capital Goods Shipments Strong

July 27, 2022
Business & Marketseconomygoods trade deficitUSUS News
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WASHINGTON—The U.S. trade deficit in goods narrowed sharply in June as exports surged, while business spending on equipment remained strong, reducing the risk that the economy contracted again in the second quarter. The better-than-expected reports from the Commerce Department on Wednesday left economists scrambling to upgrade their gross domestic product estimates for the last quarter,…

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US Trade Deficit in Goods Surges to Record High as Imports Spike While Exports Sink

December 29, 2021
Business & Economyeconomygoods trade deficitUSUS News
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The U.S. trade deficit in goods rose sharply in November to a record, as imports of merchandise mushroomed while exports fell. The trade deficit in goods—which is the difference between imports and exports of products—surged by a whopping 17.5 percent over the month in November, hitting an all-time high of $97.8 billion, the Commerce Department…

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