American Deficit Finally Heads the “Right” Way, Except for China and NAFTA — Panjiva
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American Deficit Finally Heads the “Right” Way, Except for China and NAFTA

Canada 529 China 3048 Mexico 928 Trade Balance 935 Trade Deals 1017 U.S. 5399 USMCA 462

The U.S. goods and services deficit fell 0.4% on a year earlier in June to $44 billion. That was the first decline since February and slightly narrower than economists had expected. Improved exports of goods and services were the main driver. Services exports in the travel and financial sectors were notable, rising 8% and 11% respectively. It’s not all plain sailing though. The goods deficit with China increased $2.9 billion on a year earlier to its highest level since August, while the deficits vs. Mexico and Canada climbed by a combined $1.1 billion. The latter may make for a more host...

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