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The Alarming Performance of US Advanced Technology Product Trade
Over the last decade, U.S. trade performance has deteriorated significantly in advanced industries. That is a major problem because these industries have high fixed costs and require substantial investments in R&D, so they depend on large customer bases to achieve scale economies and remain globally competitive.
itif.org/publications/2026/03/02/the-alarming-performance-of-us-advanced-technology-product-trade/
Why does the US have a trade deficit? | Brookings
The U.S. trade deficit has long been a source of political consternation, but it has come to the forefront in recent weeks. Just a few months into Donald Trump’s second term, he has made the trade deficit a key target of his aggressive tariff policies. On the day that President Trump announced a new, sweeping round of tariffs on all U.S. trade partners, Brookings Senior Fellow Gian Maria Milesi-Ferretti was joined by Maurice Obstfeld of the Peterson Institute for International Economics to discuss Obstfeld’s new paper, “The U.S. Trade Deficit: Myths and Realities.” On this episode of the Brookings Podcast on Economic Activity, Miles-Ferretti and Obstfeld explore the causes and consequences of the U.S. trade deficit, the role of China and other foreign nations, and broader implications for the American economy.
www.brookings.edu/articles/why-does-the-us-have-a-trade-deficit/
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