March 24, 2017

Trade Deficit Increases

Statistics for the trade deficit show an increase from $42.6 billion in July to $46.3 billion in August – a rise of $3.7 billion. This increase resulted from a slight jump in exports of $300 million that was offset by a $4.1 billion jump of imports in August, according to the Commerce Department [.pdf]. Since August of 2009, the deficit has risen $15.7 billion or 34%, as the graph below shows; yet the current deficit is below the deficit levels from late 2004 through early 2009.

The trade deficit peaked at $67.7 billion in August of 2006.

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