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What to Look for in Next Week's Release of U.S. Trade Statistics
Posted By Bryan Riley On February 3, 2011 @ 1:00 pm In Economics | Comments Disabled
On February 11, the U.S. Department of Commerce will release our country’s 2010 trade statistics. The following three principles will help in understanding what the numbers mean:
Keeping these principles in mind, when the government releases its trade statistics next week, it would be wise to ignore any analyst who asserts that a growing trade deficit is harmful, increased imports are a cause for alarm, or trade deficits with individual countries indicate a need for U.S. government intervention.
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2011/02/03/what-to-look-for-in-next-weeks-release-of-u-s-trade-statistics/
URLs in this post:
 Image: http://www.foundry.org/wp-content/uploads/Cargo_Cranes0902042.jpg
 U.S. budget deficit: http://www.heritage.org/federalbudget/debt-and-deficits
 plummeted: http://unstats.un.org/unsd/trade/imts/Historical%20data%201900-1960.pdf
 increased: http://www.bls.gov/opub/cwc/cm20030124ar03p1.htm
 doubled: http://www.bls.gov/cps/cpsaat1.pdf
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