Record Autos Trade Deficit May Spur Trump Administration to Tariff Action — Panjiva
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Record Autos Trade Deficit May Spur Trump Administration to Tariff Action

Cons. Discr. - Autos 661 Trade Balance 657 U.S. 3297

U.S. merchandise trade activity growth extended to a 25th straight month in October with a 9.1% year over year growth. Import growth of 10.0% outpaced exports’ 7.7% with the result that the advance trade deficit reached $77.3 billion, the widest since at least 2008. The growth in imports to a record high isn’t a surprise given seaborne imports rose 12.1% and was mostly due to a 14.4% rise in consumer products The automotive sector may become more controversial given exports fell 1.2% while imports climbed 7.8% to a record high. That comes as the Trump administration may be co...

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