Trade deficit with Taiwan decreased by $4.5 billion (to $14.9…
Trade deficit with Taiwan decreased by $4.5 billion (to $14.9 billion), while with South Korea it increased by $3 billion (to $7.4 billion).
Consensus
- The U.S. external trade deficit in January–June decreased by 33.8% compared to the same period last year.
- U.S. exports increased by 11.7% in January–June compared to the same period last year.
- U.S. imports increased by 0.4% in January–June compared to the same period in the previous year.
- The U.S. external trade deficit in June decreased by 5.6% compared to May.
- The total external trade deficit for January–June was $371.2 billion.
- In June, U.S. exports declined by $2.9 billion (0.9%) to $314.7 billion.
- In June, U.S. imports declined by $7.3 billion (1.8%) to $388 billion.
Points of divergence
- The U.S. trade deficit with the EU decreased by 71% in January–June, with exports to the EU rising by 13.8% and imports from the EU falling by 22.2%. — kommersant
- The U.S. trade deficit with China decreased by 33.9% in January–June, with imports from China falling by 22.8% and U.S. exports to China declining by only 0.7%. — kommersant
- The reduction in direct imports from China does not necessarily indicate reduced dependence on Chinese supply chains, as production is shifting to Taiwan, Vietnam, and other economies. — kommersant
- In June, U.S. export of goods decreased by $4 billion to $206.9 billion, with oil exports falling by $5.7 billion and computer exports by $1.1 billion. — interfax
- In June, U.S. import of goods decreased by $7.9 billion to $309 billion, with computer imports falling by $3 billion and pharmaceutical imports by $1.9 billion. — interfax
- In June, the U.S. trade deficit in goods decreased by $3.9 billion to $102.1 billion, while the services surplus increased by $0.5 billion to $28.8 billion. — interfax
- In June, the U.S. had a trade surplus of $2.9 billion with Switzerland, compared to a deficit of $2.3 billion in May. — interfax
- In June, the U.S. deficit with Taiwan decreased by $4.5 billion to $14.9 billion, while the deficit with South Korea increased by $3 billion to $7.4 billion. — interfax
Coverage (2 sources)
- US foreign trade deficit in June rose by a quarter — Коммерсантъ
- U.S. external trade deficit in June decreased by 5.6%, weaker than forecast — Интерфакс