United States Balance of Trade | 2021 Data | 2022 Forecast | 1950-2020 Historical
The United States recorded a trade deficit of 73.10 USD Billion in June of 2024. This page provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus...
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Trump’s claim that trade deficits can be easily cured by tariffs have only made the problem worse. For those worried about inflation, the China tarrifs only add to the problem.
Yes, I prefer trusting the Biden adminstration to soberly negotiate serious issues. At least he will staff the process with experts not afraid to voice their opinions instead letting egomania control the process. Trump’s over hyped trade and foreign policy gaffes have to be reversed and put on a sane footing.
If nothing can be done about climate change because of China, shouldn’t addressing the issue directly with China be welcomed? Was it ever even addressed by Trump?
The relationship with China is critical in many areas and seeing those issues being addressed, tensions reduced, and understanding increased is a step forward. It will be a long, fraught process and the US needs to be a stable, trustworthy participant.