Everybody’s talking about the trade deficit this week. Well, come sit by us, everybody!
In case you missed it, new trade figures released on Tuesday showed that the goods and services deficit rose to $48.5 billion in January, a 9.6 percent increase from December. That’s a big jump. People noticed it.
Now, the Alliance for American Manufacturing has long pointed to the trade deficit as a key indicator that all is not well for the manufacturing sector.
There always was pushback from naysayers, who liked to argue that the trade deficit isn’t really a big deal. There’s still that pushback out there, and it probably isn’t going away anytime soon.
