The latest glimpse of the U.S. trade pictures comes courtesy of U.S. Census data out Tuesday on imports and exports of goods.
The U.S. has long imported more than it exports. But the strong dollar is deepening that dynamic, because American goods are now more expensive abroad, crimping demand for them. Even if the dollar’s value rises next year relative to other currencies, we may see a few more years of widening trade deficits, because the dollar’s effects take a few years to flush through the economy.
Click the media player above to hear more.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.