Business economists expect trade deficit to exceed $1 trillion in 2020

Business economists expect the U.S. trade deficit to balloon by $64 billion this year and exceed $1 trillion next year, according to a new survey. The National Association of Business Economists' March 2019 economic outlook says the economists it surveyed think the trade deficit will increase from “$914 billion in 2018 to $978 billion in 2019 and then to $1.018 trillion in 2020.” The survey is titled “Economic Momentum Moderates in 2019, With Trade Policy and Global Slowdown as Greatest...