{"id":59898,"date":"2022-02-09T17:15:08","date_gmt":"2022-02-09T13:15:08","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=59898"},"modified":"2022-02-09T17:15:11","modified_gmt":"2022-02-09T13:15:11","slug":"robust-imports-boost-u-s-trade-deficit-to-record-high","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/robust-imports-boost-u-s-trade-deficit-to-record-high\/02\/09\/market-updates\/","title":{"rendered":"Robust Imports Boost U.S. Trade Deficit to Record High"},"content":{"rendered":"\n<p>The US trade deficit widened in December as imports soared, hitting the largest-ever level in all of 2021.<\/p>\n\n\n\n<p>The Commerce Department said on Tuesday that the trade deficit rose 1.8 percent to $80.7 billion in December. November&#8217;s data was revised down to $79.3 billion, instead of $80.2 billion in the previous data.<\/p>\n\n\n\n<p>Economists had forecast a shortfall of $83 billion in a Reuters survey.<\/p>\n\n\n\n<p>The deficit jumped 27 percent for the whole of 2021 to $859.1 billion. This is the highest level ever recorded and came compared to a deficit of 676.7 billion dollars in 2020.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>&#8220;The need to replenish inventory in the United States will keep imports strong even as domestic demand transitions back to services,&#8221; said Tim Quinlan, a senior economist at Wells Fargo. &#8220;Eventually as domestic demand begins to slow and the global recovery continues, we expect trade to become more of a neutral force on growth next year.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US trade deficit widened in December as imports soared, hitting the largest-ever level in all of 2021. The Commerce Department said on Tuesday that the trade deficit rose 1.8 percent to $80.7 billion in December. November&#8217;s data was revised down to $79.3 billion, instead of $80.2 billion in the previous data. Economists had forecast &hellip;<\/p>\n","protected":false},"author":9,"featured_media":57171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,39,36],"tags":[7464,6997,6893,6842],"class_list":["post-59898","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-global-stock-markets","category-market-updates","tag-deficit","tag-economy","tag-trade-deficit","tag-us"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=59898"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59898\/revisions"}],"predecessor-version":[{"id":59899,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59898\/revisions\/59899"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/57171"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=59898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=59898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=59898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}