US Trade Deficit Hits All-Time Record
Thursday, August 5, 2021 | Tag Cloud Tags: deficit, News, Trade, United States, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – The United States trade deficit has increased by a record amount, as data released by the Department of Commerce on Thursday showed.
This means Americans are buying more goods than they export from overseas, representing an outflow of money.
According to a news release from the Commerce Department’s Census Bureau and Bureau of Economic Analysis, the seasonally adjusted U.S. goods and services deficit was $75.7 billion in June, a 6.7 percent, or $4.8 billion, increase from the $71.0 billion deficit in May. [ Source: Western Journal (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.