this post was submitted on 09 Jun 2023
2 points (75.0% liked)

United States | News & Politics

7192 readers
1 users here now

founded 5 years ago
MODERATORS
pangyuehung@lemmy.ml
yogthos@lemmy.ml
2
US trade deficit widens to 6-month high, expected to dent economic growth (www.reuters.com)
submitted 2 years ago by yogthos@lemmy.ml to c/usa@lemmy.ml
5 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] drig23@lemm.ee 1 points 2 years ago

Two things are affecting this. One, it's summer and people need less energy. Two, the US economy is doing well but Europe is doing poorly. So, we're buying more stuff.

When the war in Ukraine is over, expect the trade deficit to get worse because Russia will be selling oil again. This will probably be a talking point during the elections.