March 26, 2017

Trade Deficit Soars

The international trade deficit has increased $7.9 billion in a single month from $42 billion in May to $49.9 billion in June.  This is the largest increase in the trade deficit since record keeping began in 1992.  Exports decreased $2 billion, while imports increased $5.9 billion, reports the Bureau of Economic Analysis.  The graph below illustrates the sharpest drop in trade deficit history.

The deficit has increased about $6 billion a couple times, but it has never grown over $7 billion in a month.

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