Supply Chain Research

U.S. international trade in goods and services fell 0.4% year over year in June. The main drag in percentage terms came from a 3.5% slide in exports of goods including food and capital goods. Imports meanwhile inched 1.2% higher with the result that the trade deficit increased for a fourth straight month year over year to reach $55.2 billion. The biggest drag on trade was with China with U.S. exports down 16.8% versus imports which fell 12.6%. While that would indicate the U.S. lost out, in dollar terms its exports only fell $1.82 billion year over year whereas imports fell $5.61 billion...