Daily Caller by Harry Wilmerding 11/4/2021
US Trade Deficit Hits New Record As Inflation Grows And Supply Chain Issues Worsen
The U.S. trade deficit hit a record high of $80.9 billion in September as exports fell sharply while imports increased amid supply chain problems and growing inflation.
The trade deficit of goods and services grew 11.2%, driven by demand for items like computers, electrical equipment and industrial supplies, the Commerce Department announced Thursday.
Imports increased 0.6% to $288.5 billion in October, a new monthly record, according to the Commerce Department. Exports dropped by 3% to $207.6 as Americans shipped fewer industrial supplies and goods in high demand among consumers.
More:
https://dailycaller.com/2021/11/04/us-trade-deficit-hits-new-record-as-inflation-grows-supply-chain-issues-worsen/
