Trade Deficit Upside Surprise by $18bn
Original Report
Goods trade deficit larger than before the election. So much for tariffs reducing goods imports relative to pre tariff. Figure 1: Goods trade balance, BoP basis (black), Census basis (red), Bloomberg...
Goods trade deficit larger than before the election. So much for tariffs reducing goods imports relative to pre tariff. Figure 1: Goods trade balance, BoP basis (black), Census basis (red), Bloomberg consensus (blue +), all in mn.$ s.a. Source: BEA via FRED, Census, and author’s calculations. Goods imports are rising. Figure 2: Goods imports (black), […]
Glass House Analysis
International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
How DeepSeek founder's quant empire is taking on China's choppy IPO boom
High-Flyer Quant, which bankrolled DeepSeek, has come to the fore, making a push into new listings as it chases returns in China's red-hot IPO market.
Nepal Rescuers Race to Save People Trapped in Hydropower Tunnel
A Nepalese rescue team is racing to locate 100 people still trapped in a hydropower tunnel after earlier extracting 350 laborers and locals, according to the Prime Minister’s Office, after a deadly...
Dentsu Soken Receives Buyout Offer From Itochu; Shares Rally
Dentsu Soken Inc. said it has received a proposal from trading house Itochu Corp. to take the company private at ¥2,880 per share.
Marvell boosts its forecasts, but the stock slides as Wall Street wonders if there’s more to the story
Analysts are crunching the numbers on Marvell’s recently announced Google deal and how much fresh upside it really offers.