Jubak’s Picks: Higher U.S. Trade Deficit Makes USA-China Trade Deal More Likely

In December, the U.S. trade deficit widened to $59.8 billion from a revised $50.3 billion in November. Economists surveyed by Briefing.com had projected a December deficit of $57.8 billion. The December deficit is the widest monthly deficit since October 2008 during the global financial crisis. The annual U.S. trade deficit grew to $621 billion in 2018 for a 10-year high. The annual deficit in goods and services grew by $68.8 billion or 12.5%.

The annual merchandise trade deficit with China climbed to a record $419 billion in 2018.

The numbers certainly increase the pressure on the Trump administration to do something dramatic. In my opinion, the administration’s trade negotiators have two options. …

You can access the full report from Jubak’s Picks by clicking HERE

About Bob Weir 3002 Articles
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).