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Increasing Exports in December Brought Down US Trade Deficit

American exporters exceeded economists’ expectations in December and hit one and a half year highs as it outpaced the growth in imports, lowering the total monthly trade deficit by 3.2% to $44.3B – however the deficit did increase over a yearly basis for 2016.  As part of his plan to spur economic growth in America, increasing exports will be a key part on the process according to Trump and his appointed officials that have spoken on the issue. 

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NAFTA Renegotiation to Begin Shortly

Throughout his campaign, Donald Trump made clear that he is no fan of free trade agreements that he believes ship American jobs overseas, specifically naming NAFTA and the TPP (still under negotiation). With only two full days in office, he is wasting no time beginning the process to make NAFTA more favorable to American workers

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