DATA VIEW (NOT A FORECAST): US TRADE BALANCE PARADIGM SHIFT

Back before the 2008-2009 financial meltdown, the US trade deficit was continually ascending, as the country was consuming more and more imported goods. It was a natural course of events, since the States was widely known as world’s leading consumer.

After the crisis, however, the situation changed dramatically. Following a sharp correction, US trade deficit has stabilized between 40 and 50 billion US dollars and has never restored to its peak of 70 billion.