Tariffs are affecting America’s GDP. Here's how.

Mar 13, 2025
A January surge in imports will have a negative impact on GDP in the near term. A protracted trade war would drag down economic growth in the long run.
January's surge in imports ahead of Trump administration tariffs isn't likely to become a trend. But exports could decline if the trade war continues.
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The $78 billion trade deficit may look big. But compared to what?

Jan 7, 2025
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.
When the trade deficit ballooned in 2022, it was a sign of a rebounding supply chain.
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Rising trade deficit for goods isn't a cause for worry, experts say

Dec 27, 2024
Sales of U.S. services to other countries help to redress the balance, along with foreign institutions that invest in the American stock market and debt.
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Rising import prices put pressure on slowing inflation

Feb 15, 2024
Prices may continue to stay high if services and imports rise in tandem.
U.S. import prices rose in January, a sign that disinflation could be slowing.
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U.S. agricultural trade deficit could grow to record high

Jan 16, 2024
Food exports are doing well, but imports are up. The strong dollar is part of the equation.
For the third time in five years, the U.S. will import more agricultural products than it exports. Above, a Cargill worker blows excess soybeans off the top of a river barge and closes the barge’s loading lids.
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The U.S. November trade deficit was $63B, but that's not the important thing

Jan 9, 2024
Trade deficit numbers get a lot of attention in election years. Here are some things to know about the nuance behind the numbers.
"Counterintuitively, an expanding trade deficit is typically associated with stronger economic growth in the United States," says Scott Lincicome with the Cato Institute.
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U.S. consumer goods and vehicle exports hit a record in January

Mar 9, 2023
Some of the increase reflects growing economies in other countries. And it's welcome news for U.S. factories, one economist says.
Any increase in exports is welcome news for U.S. factories, said Chad Moutray with the National Association of Manufacturers.
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For public good, not for profit.

A strong dollar is hurting exports, helping imports and expanding the trade deficit

Feb 7, 2023
The dollar's strong because the Federal Reserve's been raising interest rates.
American exports have been hurt by the slowing global economy and the strong dollar. Above, a container ship at Cuxhaven, Germany.
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New trade data shows weakening demand

Jan 5, 2023
Imports fell more than exports.
"One of the things I think is a commonality across both imports and exports is a weakening of new orders,” said Eric Freedman at U.S. Bank. 
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U.S. trade deficit shrinks as exports rise

Aug 4, 2022
The deficit shrank 6% in June on record exports. Sending liquefied natural gas to Europe played a part in that.
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