US trade deficit narrowed last year by the most since 2009

For First Time in Two Decades, U.S. Buys More From Mexico Than China

New data released on Wednesday showed that Mexico outpaced China to become America’s top source of official imports for the first time in 20 years — a significant shift that highlights how increased tensions between Washington and Beijing are altering trade flows.

The United States’ trade deficit with China narrowed significantly last year, with goods imports from the country dropping 20 percent to $427.2 billion, the data shows. American consumers and businesses turned to Mexico, Europe, South Korea, India, Canada and Vietnam for auto parts, shoes, toys and raw materials.

https://www.nytimes.com/2024/02/07/business/economy/united-states-china-mexico-trade.html
 
Household balance sheets and budgets are falling fast.....our standard of living will continue to plummet.....think of Argentina which went from being one of the most wealthy in the world to the bottom half....except the American disaster will happen in years not decades.....the American experience will be worse.
 
BidenPresident said:
New data released on Wednesday showed that Mexico outpaced China to become America’s top source of official imports for the first time in 20 years — a significant shift that highlights how increased tensions between Washington and Beijing are altering trade flows.

The United States’ trade deficit with China narrowed significantly last year, with goods imports from the country dropping 20 percent to $427.2 billion, the data shows. American consumers and businesses turned to Mexico, Europe, South Korea, India, Canada and Vietnam for auto parts, shoes, toys and raw materials.

https://www.nytimes.com/2024/02/07/business/economy/united-states-china-mexico-trade.html
Click to expand...


China's manufacturing increased again last year, Americas manufacturing shrank again last year.
 
One of the purposes of depriving Europe of cheap Russian fuels was to get European manufacturers to come to America....Europe is deindustrializing rapidly, but I dont know if they are coming to America.
 
I saw a report that American LNG is when it is all said and done has been running 4 2 5 X the cost of what the Russian gas was before NATO's debacle in Ukraine. Sure it helps our balances of trade, but it is a complete disaster for Europe.
 
Jarod said:
China is hurting...


Biden killing it.

US trade deficit narrowed last year by the most since 2009
US trade deficit narrowed last year by the most since 2009
US trade deficit narrowed last year by the most since 2009


https://finance.yahoo.com/news/us-t...v62t90qDzqN_aLhJZgpT_Emp3YXavEHKHc8SRQ7Isua4A
Click to expand...

Think how much better it would be if Binen had not blocked selling LNG to our allies. Now they have to by methane from Russia who produces less environmentally safe than the US does.
 
ExpressLane said:
Think how much better it would be if Binen had not blocked selling LNG to our allies. Now they have to by methane from Russia who produces less environmentally safe than the US does.
Click to expand...

Our European toy sized lapdogs might bite us one day....I have long said that they will get to a point where they must choose either the winners China Bloc or go down with America....and they will choose China and the New World Order. They wont get a great deal from China, but it will be a Hell of a lot better than the deal America gets.
 
Jarod said:
China is hurting...


Biden killing it.

US trade deficit narrowed last year by the most since 2009
US trade deficit narrowed last year by the most since 2009
US trade deficit narrowed last year by the most since 2009


https://finance.yahoo.com/news/us-t...v62t90qDzqN_aLhJZgpT_Emp3YXavEHKHc8SRQ7Isua4A
Click to expand...
So the trade deficit in 2023 was 773.4 billion under Biden and in 2020 it was 627.50 billion under Trump....yea??????? What are you so happy about Jarrod?




2023: $773.4 billion, a 19% decrease from 2022's record $951.2 billion
2022: $948.1 billion, up $103 billion from 2021
2021: $-861.71 billion, a 37.32% increase from 2020
2020: $-627.50 billion, an 8.42% increase from 2019
2019: $-578.79 billion, a 2.41% decrease from 2018
2018: $-593.08 billion, a 10.5% increase from 2017
 
Hawkeye10 said:
Household balance sheets and budgets are falling fast.....our standard of living will continue to plummet.....think of Argentina which went from being one of the most wealthy in the world to the bottom half....except the American disaster will happen in years not decades.....the American experience will be worse.
Click to expand...

Link asshole Russian bot hole
 
Hawkeye10 said:
I saw a report that American LNG is when it is all said and done has been running 4 2 5 X the cost of what the Russian gas was before NATO's debacle in Ukraine. Sure it helps our balances of trade, but it is a complete disaster for Europe.
Click to expand...

Link
 
"We are a great power, you have to listen to us!" say the Europeans these days.

"Sit down and shut up, you have nothing of importance, and you are stupendously stupid" is the general response.
 
The right did the same thing under Clinton and Obama


Just flat out saying the official numbers are not real and everything was horrible


Using no facts
 
My grapevine has been chattering since the start of NATO's Debacle in Ukraine that one of the very likely costs would be the death of NATO....which looks more and more like a sure thing.....now the chatter has spread to wondering if the EU can survive in any form.
 
Hawkeye10 said:
My grapevine has been chattering since the start of NATO's Debacle in Ukraine that one of the very likely costs would be the death of NATO....which looks more and more like a sure thing.....now the chatter has spread to wondering if the EU can survive in any form.
Click to expand...

The Putin grapevine
 
You must log in or register to reply here.
Back
Top