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Posts Tagged: “trade deficit“
Surging Trade Deficit Likely to Reverse in the Months Ahead
The Trade Deficit is one of the two components of the twin deficits; the other being the federal budget deficit which was last reviewed in January. The trade deficit used to be a number that received a ton of attention in the 1980s and 1990s because it was determined to be a strong gauge of […]
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Schiff on Sachs Realty: It’s Time for An Economic Reckoning
In his recent appearance with Todd on the Sachs Realty Podcast, Peter Schiff paints a sobering picture of America’s current economic landscape, challenging mainstream narratives promoted by Wall Street and the Federal Reserve. Throughout the discussion, he covers alarming trends from unsustainable debt levels and hidden recessions to mounting inflation and misguided trade policies, warning […]
Peter Schiff: Tariffs Reveal a Weak Economy
In the latest episode of the Peter Schiff Show, Peter dives into an eventful and troubling week for the U.S. economy, marked by tumbling stocks, a weakening dollar, and escalating global market tensions. Peter explains why Trump’s tough talk on NATO and increased tariffs may be exacerbating underlying structural weaknesses in the U.S. economy. He […]
China Doesn’t Pay Tariffs, You Do
As President-elect Donald Trump prepares to return to the Oval Office, his proposed trade policies have reignited concerns about the economic impact of tariffs on American consumers. Trump has vowed to impose sweeping tariffs of up to 20% on all imports and a staggering 60% on Chinese goods. While he claims these measures will stimulate […]
Peter Schiff: Consumers Trust in Trump
In the latest episode of the Peter Schiff Show, Peter dives into the latest on the U.S. economy and presidential race. He highlights the continued surge in Donald Trump’s polling numbers amid economic troubles, pointing to low job openings and increased consumer confidence as signs that Americans expect change. He also critiques the U.S. dependence […]
Peter Schiff: 2024 Could Be Horrible For the Dollar
Peter Schiff left a stark warning at the end of the year: “2024 could be a horrible year for the dollar.” Here are 3 big reasons why Peter thinks inflation might rise even higher this year.
US Trade Deficit 2024
No one is talking about the US trade deficit in the current fiscal year, but it is likely to be another record, bringing with it new rounds of trade sanctions and protectionism. In this article, I explain why the twin deficit hypothesis will apply, bearing in mind a likely budget deficit outturn of $3 trillion […]
Trade Deficit Spikes to Highest Level in Six Months
The April trade deficit came in at -$74.5B which was the largest trade deficit since October 2022.
Falling Trade Deficit Suggests a Weakening US Economy
The March Trade Deficit decreased for the first time in four months. The total deficit came in at -$64.2B, which is the second smallest deficit since January 2021. This might seem like good news but it’s yet another indication of a weakening economy.
Trade Deficit Increases Again in February to $70.5 Billion
The February Trade Deficit increased for the third month in a row, rising by $1.9 billion. Net Goods came in at -$92.9B with Net Services at $22.4B to reach a total of -$70.5B.
Services Surplus Falls 7.3% MoM as January Trade Deficit Rises
The January Trade Deficit saw a slight increase compared to December, coming in at -$68.3B vs -$67.2B in the prior month. After peaking at -$106B in March of last year, the Trade Deficit has returned to a more stable range between -$60B and -$80B.