imports and exports

The value of stuff the U.S. imported (like passenger vehicles) rose, but so did the value of stuff it exported (like oil and agricultural products).

The U.S. imported more goods and services than it exported — around $70 billion worth — in December, according to new data from the U.S. Bureau of Economic Analysis.

And Whirlpool is reportedly accusing some of its overseas competitors of doing exactly that.

The trade gap signals strong demand for imports, which can be a good sign for the economy. Also, it’s been fairly stable relative to GDP.

Food exports are doing well, but imports are up. The strong dollar is part of the equation.

In August, agricultural exports were about 20% lower than the same time a year ago, according to the Commerce Department. That’s because export volumes have fallen, and ag prices are coming off of recent highs.

The greenback’s strength has made it tough for U.S. businesses to compete overseas.

Good for U.S. tourists and importers. Bad for exporters and fragile world economies.

This is part of the phase one trade deal China signed with the Trump administration. But those goals may have been unrealistic.

These prices may be a bellwether of where domestic or worldwide inflation are headed, says Cornell economist Eswar Prasad.