Why Does the Trade Deficit Keep Expanding Despite Tariffs?

Currency markets are helping to thwart efforts to shrink the US trade deficit, which is expanding despite tariffs, by weakening currencies like the yuan.

About the Presenter

Erik Norland is Executive Director and Senior Economist of CME Group. He is responsible for generating economic analysis on global financial markets by identifying emerging trends, evaluating economic factors and forecasting their impact on CME Group and the company’s business strategy, and upon those who trade in its various markets. He is also one of CME Group’s spokespeople on global economic, financial and geopolitical conditions.

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