No policies have succeeded in reducing the gap between imports and exports.
Infographic: The Persistent Trade Deficit
Aug 13, 2020
by Jeffrey Winters
Even focusing only on one small part of the equation–the export of goods–shows very little progress. Compared to the same month four years earlier, exports of goods were flat to as much as 4 percent higher at the end of 2018. Over the same period, however, the total U.S. economy grew around 8.5 percent. Only in comparing the last the last six months of 2015 and the second half of 2019 can one see much of a difference. But then the coronavirus pandemic scrambled the world economy, making comparisons even more difficult.