Exports of goods and services to, and income received from, foreign residents increased $6.0 billion to $1.21 trillion in the third quarter. Imports of goods and services from, and income paid to, foreign residents increased $42.0 billion to $1.52 trillion.1
This is the largest deficit.
This is a drag on growth but it's inevitable in an outperforming economy. Is it influenced by a Trump presidency and expected tariffs?
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