Supply Chain Research

Time is not proving to be a friend for President Trump’s trade agenda. The U.S. goods-and-services deficit climbed 9% in November to reach the highest since January 2012. That was mostly the result of a rising goods deficit, though the services surplus fell too due to weaker exports of travel services. The rising deficit should increase pressure on the administration to act on policy sooner rather than later. China should be the main target. It accounted for 49% of the deficit total deficit after rising 16% on a year earlier. The increase at $4.8 billion was bigger than all other countri...