By Michael Stumo
Overvalued dollar drives record U.S. deficits with China, rest of world
[more...]The Coalition for a Prosperous America (CPA) attributes the rising trade debt to an increasingly noncompetitive dollar, a fast-growing U.S. economy, and a surge in imports intended to beat last year’s tariffs. And all of it comes even as President Trump’s trade measures begin to impact overall U.S. trade flows.
U.S. Trade Deficit Hits $621B in 2018; Goods Deficit & China Deficit Hit New RecordsBy Jeff Ferry, CPA Chief Economist