Imports Surge Led to Record Trade Gap in 2022
The U.S. trade deficit widened to a record last year on a surge in imports as American companies scrambled early on to ensure they had enough merchandise on hand to meet demand.
Rising Freight Rates Put Heavy Burden on Grain-Importing Nations
The war in Ukraine will put further pressure on grain-importing countries in Africa and Asia as a reduced number of vessels for delivering cargoes drives up shipping rates, according to the head of the International Chamber of Shipping.
Leaving NAFTA, Imposing Tariffs Would Drive Up Vehicle Prices, Study Shows
While a proposed border adjustment tax on goods including cars and trucks appears to have been pulled off the political stove by House Republicans, the North American Free Trade Agreement is still on a burner.
Petroleum, Motor Vehicles Boost US Import Prices
U.S. import prices increased more than expected in April amid rising costs for petroleum products and a range of other goods, which could help boost domestic inflation and keep the Federal Reserve on course for further interest rate hikes.May 10, 2017
Import Prices Rise in January, Boosted by Energy Products
U.S. import prices rose in January more than expected amid further gains in the cost of energy products, but a strong dollar continued to dampen underlying imported inflation.February 10, 2017
US Import Prices Post Largest Drop in Nine Months
U.S. import prices recorded their biggest drop in nine months in November on declining petroleum costs, with renewed dollar strength threatening to keep imported inflation subdued.December 13, 2016
US Import Prices Post First Drop in Six Months
U.S. import prices fell for the first time in six months in August on declining petroleum and food costs, pointing to a tame inflation environment that could encourage the Federal Reserve to keep interest rates steady.September 14, 2016
Import Prices Rise Less Than Expected in June
WASHINGTON — U.S. import prices rose less than expected in June as rising costs for petroleum products were offset by declining consumer and capital goods prices, suggesting inflation could remain benign for a while.July 13, 2016
Under the Hood of US Import Prices Are Broad Drops Beyond Oil
Here’s one key takeaway from the Labor Department’s report Jan. 14 on import prices, costs of imported goods excluding fuels declined 3.4% last year, the biggest annual decrease since records began in 2001 and representing the challenge faced by the Federal Reserve in achieving its inflation goal.January 14, 2016
US Import Prices Extend Decline on Cheaper Fuel
U.S. import prices fell in November as the cost of petroleum and several goods continued to decline, suggesting that cheaper crude oil and a strong dollar will keep imported inflation pressures subdued for a while.December 10, 2015