News Snapshot:
Using an analysis based on historical estimates of a potential trade balance, Coface estimates that the deficit could grow by 56 billion dollars as a result of the stimulus plan. A determined deficit fueled by American consumption Historically, the US deficit is explained by substantial imports to meet American consumption . Since 2015, the main change has been the decline in the volume of industrial products and materials in the trade deficit. According to the Energy Information Administration, the country became a net exporter of natural gas in 2017, and of crude oil and petroleum products in late 2019. Although...
