Posts in Trade
U.S. Trade Deficit in Manufactures Soared

The U.S. trade deficit in manufactures in 2015 soared by $89 billion, or 16%, to $650 billion, which resulted in a trade-related loss of 600,000 American manufacturing jobs, up from a job loss of 400,000 in 2014. Sixty percent of the global deficit was with China, with U.S. manufactured imports from China 5.8 times larger than U.S. exports to China.

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TradeKristin GraybillU.S., China
U.S. Trade Deficit: August 2015

The U.S. trade deficit in manufactures soared by 30% in the first quarter, inflated by weather and a West Coast dock strike, and then adjusted to a lower 15% increase in the second quarter. For a more balanced first half of the year, U.S. manufactured exports declined by 1% from 2014, imports were up by 5%, and the deficit surged by 19%, or by $48 billion, which equates to a trade-related loss of 300,000 American manufacturing jobs. In the other direction, the Chinese trade surplus in manufactures surged by 14%, or by $59 billion, during the first half of the year.

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