Skip to content
Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

TRADE DEFICIT WORSENED IN JANUARY

The gap between the value of U.S. imports and exports widened 1.9 percent to $68.2 billion in January, the Commerce Department reported, as American consumers bought more pharmaceuticals, cell phones, flat-screen televisions, and other electronic items.
Imports grew 1.2 percent to $260.2 billion in January from December, returning to pre-pandemic levels, while exports added 1 percent to reach $191.9 billion for the month.
The U.S. shipped more industrial machinery, petroleum products, and computer chips as more foreign countries loosened lockdowns and began to reopen their economies.
Consumer spending jumped 5.3 percent month to month, boosted partly by December’s round of government stimulus checks.
TRENDPOST: As we have noted, go back to 2017. From the day Donald Trump took office until the COVID War began last February, a week did not go by where the “experts” used the ruse that the equity markets were moving up or down on the U.S. vs. China Trade War battle.
The annual U.S. trade deficit was $481 billion in 2016 when Donald Trump became president and rose by almost a third to $678.7 billion at the end of December 2020, according to a 5 February report from the U.S. Commerce Department.
We maintain our forecast that the 21st century will be the Chinese century since the business of China is business and the business of America has been war.
TREND FORECAST: To see where the trade gap is moving and what to expect next, please go to “TOP TRENDS 2021: THE RISE OF CHINA.

Comments are closed.