U.S. Trade Deficit at Record High 

Commerce Department reports that imports are up, and exports down. 

Data recently released by the Commerce Department showed that the American trade deficit rose 12.2 percent in 2022, nearing the $1 trillion mark. 

The goods and services deficit also rose, up $103 billion from 2021. 

Even with tensions high between the U.S. and China, trade continued to grow, as energy and technology led the way. Trade with China grew to $382.9 billion even with trade restrictions. 

As the Lord Leads, Pray with Us…

  • For Commerce Secretary Gina Raimondo to seek God’s guidance as she heads the department.
  • For President and Chair of the Board of Directors of the Export-Import Bank Reta Jo Lewis to be led by God as she fills her role.

Sources: NY Times, Just The News


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