What was the trade deficit in 2015?

The deficit increased from $500.4 billion in 2015 to $502.3 billion in 2016, as exports decreased more than imports.

What was the US trade deficit in 2019?

2019 : U.S. trade in goods with World, Seasonally Adjusted

What trade deficit did the United States have with the country of China in 2004 2008?

Also shown in Table 1, the U.S. trade deficit with China increased by $100.8 billion (or 37.9 percent) between 2008 and 2015….U.S. jobs displaced by the growing goods trade deficit with China since 2001 (in thousands of jobs)

What is trade deficit in history?

A trade deficit occurs when a country’s imports exceed its exports during a given time period. It is also referred to as a negative balance of trade (BOT).

What was China’s trade deficit in 2016?

The trade imbalance with China increased more than 22% to $36.9 billion. The deficit with Mexico rose 23.5% to $8.4 billion.

What is the US trade deficit 2021?

$73.3 Billion
The U.S. monthly international trade deficit increased in August 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $70.3 billion in July (revised) to $73.3 billion in August, as imports increased more than exports.

What was the trade deficit in 2017?

The combined goods and services deficit in 2017 was $514 billion, reflecting a nearly $800 billion goods deficit as well as a $286 billion services surplus. This year, the goods trade deficit is likely to exceed $850 billion. The trade deficit measures the difference between what the U.S. imports and exports.

What was the US trade deficit with China in 2019?

2019 : U.S. trade in goods with China

What are the effects of trade deficit?

A trade deficit reduces the incomes of domestic workers, pushing many into lower income brackets. Families with lower incomes generally find it much harder to save. Therefore, increasing trade deficits can and do reduce national savings.