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News

Declining Exports & Imports while U.S. Trade Deficit Reduces

6/7/2019

 
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Prior to Trump's imposed tariffs on China taking effect and the proposal of Mexico tariffs, April exports and imports are down.

​Transport Topics notes that "Goods shipments to China fell to $8.5 billion in April from $10.2 billion the prior month and are down 20% year-to-date, while imports from the nation have declined 13.2% in 2019. Meanwhile, merchandise exports to Mexico are little changed so far this year while imports are up 6.1%" (Exports, Imports Plummet as US Trade Deficit Narrows, 6 June 2019).

Trump's changing policies are affecting businesses' supply chains and are making it harder for businesses to account for future growth or decay.

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