Gallup: 70 percent of U.S. adults have positive views on foreign trade, up from 58 percent prior to 2017

Americans' increasingly positive views of foreign trade have stabilized after spiking last year. A strong majority of U.S. adults (70%) see foreign trade as an opportunity for U.S. economic growth through increased exports rather than a threat to the economy from foreign imports (25%). Before last year, no more than 58% had held the positive view of trade.

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Trade deficit up 1.6 percent in November and 11.6 percent YTD from 2016

The goods and services deficit was $50.5 billion in November, up $1.6 billion from $48.9 billion in October, revised. The November increase in the goods and services deficit reflected an increase in the goods deficit of $1.7 billion to $70.9 billion and an increase in the services surplus of $0.1 billion to $20.4 billion.

Year-to-date, the goods and services deficit increased $53.4 billion, or 11.6 percent, from the same period in 2016. Exports increased $112.7 billion or 5.6 percent. Imports increased $166.1 billion or 6.7 percent.

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