The U.S.Trade Deficit
The monthly U.S. trade deficit has been essentially unchanged since March, with a slight decline in the services surplus offset by a slight decline in the goods deficit. This June’s deficit of $30.6 billion was about 25% larger than last June’s. If monthly deficits for the rest of 2000 were somehow to remain at this level, the annual deficit would be only 36% greater than in 1999. Last year’s deficit exceeded 1998’s by 59%.
Suggested citation: "The U.S.Trade Deficit," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-09, pp. 18-19, 09.01.2000.