President Trump’s trade policy is largely targeted at cutting the goods deficit, and features in high level initiatives like the National Security Strategy, strategic negotiations like NAFTA and KORUS and day-to-day trade reviews. Shipping data suggests there will be a 14th straight rise in the advance goods deficit, due December 28. Exports from eight major ports fell 3% in November, led by a weak performance from the west coast ports (LA dropped 13%). Imports at the same ports meanwhile climbed 6%, and nationally by as much as 8%. The spread between imports and exports has called the d...
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