Economy

mahatmakanejeeves

(57,439 posts) Tue Oct 5, 2021, 08:44 AM Oct 2021

U.S. International Trade in Goods and Services, August 2021

October 05, 2021

U.S. International Trade in Goods and Services, August 2021

The U.S. monthly international trade deficit increased in August 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $70.3 billion in July (revised) to $73.3 billion in August, as imports increased more than exports. The previously published July deficit was $70.1 billion. The goods deficit increased $1.6 billion in August to $89.4 billion. The services surplus decreased $1.4 billion in August to $16.2 billion.

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U.S. International Trade in Goods and Services, August 2021 (Original Post) mahatmakanejeeves Oct 2021 OP

Incredible. In 1992 (before NAFTA), $89.4 billion was roughly the ANNUAL goods deficit. peppertree Oct 2021 #1

peppertree

(21,633 posts)

1. Incredible. In 1992 (before NAFTA), $89.4 billion was roughly the ANNUAL goods deficit.

Reply to mahatmakanejeeves (Original post)

Tue Oct 5, 2021, 11:43 AM

Oct 2021

And just as bad, Republicans have largely avoided blame for the disaster - which was Bush's baby through and though - because it was Clinton who signed the agreement.

It would've been Bush - but Mexico delayed signing NAFTA, thinking they'd get a better deal from Clinton (they didn't).

"Chicanery" - as Bush called the delay at the time (creating a minor flap in itself).

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