Why Middlemen Are Quietly Shrinking the US Trade Deficit

The US trade deficit narrowed to $73.3 billion in June, even as imports hit a record. But this episode digs into a less obvious driver: the rise of global middlemen. We explore how multinationals are shifting trade through low-tax intermediaries, and why that's flattering the headline numbers. Lucas and Luna break down the data, from a 4.6 percent drop in the deficit to the role of services trade, and ask whether these intermediaries are masking a deeper imbalance. If you've ever wondered why the trade deficit keeps shrinking while the current account deficit widens, this episode offers a fresh angle. We look at how the dollar's recent moves—up against the yen, down against the euro—are shaping trade flows, and why the middleman effect might be here to stay. #TradeDeficit #Middlemen #GlobalTrade #Economics #CurrentAccount #Dollar #ServicesTrade #Imports #Exports #Multinationals #TaxHavens #TradeData #USEconomy #BusinessPodcast #FexingoBusiness #EconomicsPodcast #TradeBalance #GlobalEconomy Keep every episode free: buymeacoffee.com/fexingo