Imports of Saudi Arabian Crude Oil

Imports of Saudi Arabian Crude Oil In 2018, the U.S. imported $21.9 billion of crude oil from Saudi Arabia. Picture source: The Washington Post

Most Important Variables When Forecasting Real GDP

Most Important Variables When Forecasting Real GDP Search trends are very different between China (manufacturing industry) and the USA/Eurozone (consumer), when forecasting real GDP. Picture source: Arbor Research & Trading LLC

The World’s Biggest Importers

The World’s Biggest Importers The U.S. is the largest importer in the world, followed by China and Germany. You may also like “The World’s Biggest Exporters.” Picture source: howmuch.net

U.S. Average Tariff on All Imports

U.S. Average Tariff on All Imports A look at U.S. tariffs in the past and where they are today. Average U.S. tariffs were close to 1%, until President Trump decided to raise them. Picture source: BofA Merrill Lynch

Strong Dollar and Imports

Strong Dollar and Imports The chart shows that a stronger dollar depresses goods prices via imports. Picture source: Deutsche Bank Global Research

Average Consumer Price Increase After US Import Tariffs by 25%

Average Consumer Price Increase After US Import Tariffs by 25% This chart shows the average consumer price increase in percentage points for US consumers/firms after an increase in US import tariffs by 25 percentage points. Trade war costs to consumers and companies. Tariffs are a hidden tax on American consumers and US firms. Picture source:…

Saying No To the Unimportant Things…

Saying No to the Unimportant Things… “The difference between successful people and really successful people is that really successful people say no to almost everything.” -Warren Buffett Saying no to the unimportant things, but saying yes to the things that really matter. Picture source: Hedgeye Risk Management LLC

Has the United States Ever Imported a Recession from a Single Foreign Country?

Has the United States Ever Imported a Recession from a Single Foreign Country? The biggest U.S. trade partners are: China, Canada, Mexico, Japan, Germany, South Korea, United Kingdom and France. So far, the US has never imported a recession from a single foreign country. A Chinese recession would be bad for the U.S. and the…