Brad Setser says monthly imports of computers and ships topped a $1 trillion annual pace in September.
The US trade deficit narrowed slightly in September. Brad Setser says monthly imports of computers and ships reached an annual pace above $1 trillion, about 3% of GDP. He puts that GDP share roughly 2 percentage points above its 2024 level.
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2 Sources, first seen ago
Previously: US trade deficit reportedly surged over two months ·
@EconomicTimesUS trade deficit contracts slightly in September https://economictimes.indiatimes.com/news/international/world-news/us-trade-deficit-contracts-slightly-in-september/articleshow/135541341.cms
@Brad_SetserTo Jason's point, monthly imports of computers and ships reached an annual pace of over $1 trillion in September (~3% of GDP, and up ~ 2 pp v 2024)@EconomicTimesUS trade deficit contracts slightly in September https://economictimes.indiatimes.com/news/international/world-news/us-trade-deficit-contracts-slightly-in-september/articleshow/135541341.cms@Brad_SetserTo Jason's point, monthly imports of computers and ships reached an annual pace of over $1 trillion in September (~3% of GDP, and up ~ 2 pp v 2024)—
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