Trade Deficit Hits Record as Demand for Imports Soars

The U.S. trade deficit soared to a record high in November as consumer demand for goods and the easing of supply chain bottlenecks caused imports to surge, according to the Commerce Department.

The goods deficit increased in November to $99 billion as consumers shopped for holiday gifts earlier than in previous years, the Commerce Department announced Thursday. Imports outweighed exports, bringing the U.S. trade deficit in goods and services in November to $80.2 billion.

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U.S. Trade Deficit Hits New Record as Inflation Grows and Supply Chain Issues Worsen

The U.S. trade deficit hit a record high of $80.9 billion in September as exports fell sharply while imports increased amid supply chain problems and growing inflation.

The trade deficit of goods and services grew 11.2%, driven by demand for items like computers, electrical equipment and industrial supplies, the Commerce Department announced Thursday.

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Globalist Sen. Lamar Alexander Bemoans President’s ‘Shot to the Foot’ From Tariffs

Lamar Alexander

Sen. Lamar Alexander (R-TN) bemoaned President Trump’s “shot to the foot’” over tariffs on Fox News’ Journal Editorial Report. Tennessee’s senior senator, praising globalism, introduced the Automotive Jobs Act of 2018 Wednesday to delay the tariffs. He said, “Zero tariffs is exactly the right policy.” He also called for an…

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U.S.-China Trade Deficit Heads for an All-Time High for 2017 as Trump Tells Xi Arrangement ‘Not Sustainable’

Donald Trump, Xi Jinping

By Robert Romano   Once December’s numbers come in, the U.S.-China trade in goods deficit will likely hit an all-time high in 2017 at more than $370 billion, according to U.S. Census data, as President Donald Trump told Chinese President Xi Jinping in a recent phone call that the arrangement is…

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