Why the US Trade Deficit Is a Regional Story

The headline number is national, but the real action is local. We dig into how the US trade deficit is really a story of a few big states and ports, and why the services surplus is an urban coastal phenomenon. With the deficit at $73.3 billion in June, down from $77.6 billion, we look at the geographic concentration of trade and what it means for policy and the economy. We also touch on the current account deficit, which widened to $226.8 billion in Q1, and how the dollar's recent strength is affecting trade flows. If you've ever wondered why your town doesn't feel the trade deficit, this episode explains it. #TradeDeficit #USEconomy #CurrentAccount #TradeImbalance #ServicesTrade #Economics #FexingoBusiness #BusinessPodcast #GlobalTrade #DollarStrength #TradePolicy #RegionalTrade #Ports #CaliforniaTrade #TexasTrade #ExportEconomy #ImportEconomy #TradeFlows Keep every episode free: buymeacoffee.com/fexingo