Source: BEA Official Data – 2025 vs 2024 (Y/Y) Headline Numbers The 2025 trade balance remains negative, but shows a modest improvement compared to 2024. Below are the year-over-year differences in million USD and percentage terms. Balance Total: +2,064 (+0.23%) Goods: -25,538 (+2.10%) Services: +27,600 (+8.85%) … [Read more...] about US Trade Balance 2025: Tariffs, Shifting Partners, and a Self-Regulating System
Industrial Production
Industrial Production and Tariff Policy: A System That Does Not Automatically Adjust
The stated objectives of the tariff increase were essentially two: Discourage American production abroad (globalized production). Incentivize domestic production by increasing the price of imported goods and services. However, recent Industrial Production data suggest that the transmission mechanism between … [Read more...] about Industrial Production and Tariff Policy: A System That Does Not Automatically Adjust
Industrial Production, Capacity Utilization, and the Limits of Tariff-Driven Reindustrialization
Industrial Production: The Real Test Beyond CPI, retail sales, and employment, there is another crucial indicator for understanding the true direction of the U.S. economy: Industrial Production. If the objective is to restructure and relaunch a domestic industrial system that has been deeply integrated into global supply chains for decades, the … [Read more...] about Industrial Production, Capacity Utilization, and the Limits of Tariff-Driven Reindustrialization