October 30, 2025
The recent tariff hikes will have only a limited impact on the U.S. trade deficit, at the cost of a significant worsening of U.S. and global economic prospects.
April 15, 2025
The U.S. has been running a trade deficit every year since 1975. However, both exports and imports have more than doubled since the beginning of this period.
November 20, 2017
The U.S. imposed a wide range of trade restrictions on Japan in the 1980s. But the bilateral trade deficit remained high and declined with the Great Recession.
November 6, 2017
Is the Korea-U.S. Free Trade Agreement unfair? The U.S. trade deficit with South Korea has doubled, but the deficit could have been larger without the treaty.
May 25, 2017
The bilateral trade deficit, which is based on gross values rather than value added, misrepresents the actual value of trade between two countrie
March 13, 2017
Access to foreign capital inflows allows the government, companies, and individuals to borrow at lower interest rates than would be the case if borrowing were limited to the domestic pool of savings.
January 20, 2017
Having a trade deficit—which happens when a country imports more than it exports—does not make an economy grow more slowly.