The State of the Union in Trade – A Work in Progress — Panjiva


The State of the Union in Trade – A Work in Progress

Canada 338 China 1760 Cons. Discr. - Autos 661 Cons. Staples - Food/Beverages 397 European Union 406 Japan 381 Mexico 505 Tariffs 1170 Trade Balance 657 Trade Deals 703 U.S. 3301 USMCA 373

President Donald Trump’s State of the Union address to Congress this week may include a review of trade policy. Following a series of initiatives launched in 2018 it is arguably a work-in-progress. The U.S. trade-in-goods deficit, the administration’s key metric for trade policy, reached $872.9 billion in the 12 months to Oct. 31 versus $751.0 billion in 2016. Subsequent data suggests it has increased further – data from seven ports shows imports climbed 14.6% in December while exports fell 9.1%. Passage of USMCA through Congress, the Mexican Senate and Canadian Parliam...

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