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U.S. Dairy Farmers Can’t Afford a New NAFTA Deal to Not Go Through

U.S. Dairy Farmers Can’t Afford a New NAFTA Deal to Not Go Through

by Megan Myscofski | May 13, 2019 | Uncategorized

An employee at Beecher’s Cheese, where dairy farmer Eric Ooms sends a large portion of his products, uses milk powder to make cheese. Courtesy of Megan Conn. Eric Ooms is a farmer in upstate New York. He runs a dairy farm with his two brothers and can trace his...
A Hard Brexit is Bad News for the U.S., Even if a Few Industries Could Gain from Lost Trade Between the U.K. and Europe

A Hard Brexit is Bad News for the U.S., Even if a Few Industries Could Gain from Lost Trade Between the U.K. and Europe

by Megan Myscofski | Apr 17, 2019 | Uncategorized

It’s rare that a bottle of wine from Napa Valley in California makes it overseas. If a brand already exports to the U.K., however, they might just see their exports, along with exports from a number of other industries, get a bump from a hard Brexit. About ten years...
5 Things to Watch in the Coming U.S. Trade Balance Report

5 Things to Watch in the Coming U.S. Trade Balance Report

by Megan Myscofski | Apr 16, 2019 | Uncategorized

Tomorrow, the Commerce Department will release the U.S. trade balance numbers from February. Here are five things to watch for when the report comes out. A Strong U.S. Economy Can Widen the Trade Deficit The American economy has been particularly strong, with positive...
A Decrease in the Trade Deficit Leaves American Agriculture with a Bit of Hope, But No Clear Answers

A Decrease in the Trade Deficit Leaves American Agriculture with a Bit of Hope, But No Clear Answers

by Megan Myscofski | Apr 4, 2019 | Uncategorized

A narrowing trade deficit could be a sign that the effects of President Trump’s trade war might be cooling off. The trade gap decreased from $59.9 billion in December to $51.1 billion in January. The new number is lower than many economists had predicted. The report...
The Trade Deficit Hit an All-Time High at the End of 2018

The Trade Deficit Hit an All-Time High at the End of 2018

by Megan Myscofski | Mar 20, 2019 | Uncategorized

Despite President Trump’s insistence that he could negotiate his way to a lower trade deficit, the gap hit an all-time high of $891.2 billion in 2018. The monthly trade gap widened from $50.3 billion in November to $59.8 billion in December, which was a bigger gap...

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