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United States Merchandise Trade – Exports and Imports – February 2017PAUL YOUNG CPA, CGAAPRIL 4, 2017
Author / Bio
September 9, 2014
• Paul Young, CPA, CGA• SME – Financial Performance Management (TM1, Cognos Controller
and Cognos Disclosure Management, OpenPages, Algorithmics, Cognos Integrated Server, Cognos Command Center and Datawatch)
• Industry Experience• 15+ years in Corporate Reporting, Budget & Forecasting,
Costing, Business Process Management, Internal Audit and Controls, Risk Management, Financial Analysis, Costing
• 11+ years in financial solutions (FOPM, FPM, Risk, Office of the Finance, Risk Management)
• 8+ years teaching Advance Finance, Advance Accounting, Public Finance and Advance Management Information Systems
• Blogger in areas like Finance Analysis, Government policies, market segment
• Technology expert in areas of IoT, data automation, analysis, security, clean technology, AI and Risk Solutions
Agenda• Graph (United States Imbalance)• Trade Balance (between Countries)• United States Trade Protectionism
United States – Trade Balance
• Bureau of Economic Analysis – April 4, 2017
United States – Trade Balance
• Bureau of Economic Analysis – April 4, 2017
Trade Deficits• China ($31.7),• European Union
($12.0)• Mexico ($6.2),• Germany ($5.4)• Japan ($4.9)• Canada ($2.4)• OPEC ($2.2
Trade Surplus• Hong Kong ($3.3)• South and Central
America ($2.0)• Singapore ($1.1)• Brazil ($0.5)• United Kingdom ($0.2) Trade Deficits
• Italy ($2.1)• South Korea ($1.9)• India ($1.8)• France ($1.3)• Saudi Arabia
($1.2), • Taiwan ($1.1).
Total Trade Imbalance
United States – Trade - Quotes
• Industry Week – April 4, 2017
China and United States
Sydney Morning Herald – April 5, 2017
Automotive Sector
• Industry Week – April 4, 2017
Automotive• Sales are
expected to drop in 2017
• Mexico trade deficit is driven by automotive production
NAFTA
Reuters – April 4, 2017
BMO Economics
BMO Economics – April 4, 2017
Summary• USA is doing market impact study on imports as part of
reviewing their trade policies• Automotive production which is key driver of imports for
USA is expected to be down in 2017• Trump approved keystone pipeline, but there are still hurdles
in both Canada and United States• Oil sector in USA continues to see more and more investment
in refineries, oil rigs and transportation systems• United States is in the process of reforming their income tax
system.
