ACTV - Total U.S. Trade With World Shrank In 2023
2024-02-14 09:39:00 ET
Summary
- The total value of goods the United States exchanged with every other nation on Earth declined in 2023.
- Trade between the U.S. and the world has been shrinking since February 2023 as a result of President Biden's trade policies.
- When we exclude the value of goods exchanged between the U.S. and China, we find the cumulative loss of trade and the rest of the world (without China) from February 2023 through December 2023 adds up to $185.5 billion.
The total value of goods the United States exchanged with every other nation on Earth declined in 2023. According to initial estimates for 2023, the total value of U.S. exports dropped by $48.3 billion from 2022's level to $2,016.8 billion. Total U.S. imports dropped by $158.4 billion to $3,084.1 billion....
Total U.S. Trade With World Shrank In 2023