First, some good news. The nation’s energy revolution has helped drag the trade deficit lower, mostly recently shown in the May numbers.
But that hides some less-good news. Excluding petroleum, the U.S. trade gap in goods in May, on an inflation-adjusted basis, was $48.96 billion, the largest on record.
But that hides some less-good news. Excluding petroleum, the U.S. trade gap in goods in May, on an inflation-adjusted basis, was $48.96 billion, the largest on record.
7/3/14