Tag Archives: US trade deficit

2020 was a milestone in the sordid history of the long-running U.S. trade deficits. As the rest of the world cut back on buying U.S. goods, U.S. consumers were doused with government money, and they switched from buying services — from haircuts to plane tickets — to buying goods, a large portion of which was imported.

The trade deficit has improved a lot since 2010 and the U.S. dollar strengthened with it but I believe that is all about to change. Here's why.