Summary: The U.S. trade deficit shrunk in April by the most on record in dollar terms, reflecting a drop in the value of imports amid COVID lockdowns in China while exports climbed. The gap in goods and services trade narrowed $20.6 billion, or 19.1%, to $87.1 billion, Commerce Department data showed June 7. The median estimate in a Bloomberg survey of economists called for an $89.5 billion deficit. The figures aren’t adjusted for inflation. Imports dropped in April as factory activity in China fell to the lowest level since February 2020 amid strict lockdowns to curb the spread of COVID-19. While manufacturing in the country has improved since, the measures still are straining already tenuous global supply chains, especially when coupled with Russia’s war in Ukraine Source - https://www.ttnews.com/articles/trade-deficit-narrows-most-record-muted-china-imports

1. Merchandise Trade – United
States – April 2022
Paul Young CPA CGA
June 7, 2022

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. Agenda
• Summary
• Trade Balance Summary – USA
• Analysis of Imports and Exports
• Trade by key Countries
• USA and China Trade
• Blog – Energy Crisis
• Blog – Supply Chain
• Summary

4. Trade Analysis
- USA
https://www.census.gov/forei
gn-trade/data/index.html
USA Trade - April
2022.pdf

5. Country /
Trade – USA
Source – USA government

6. Trade Analysis - USA
Source - https://www.census.gov/foreign-trade/data/index.html

7. China and USA Trade

8. China and USA Trade
Source - https://www.scmp.com/economy/china-economy/article/3166325/us-china-trade-deal-
historic-failure-purchases-more-30-cent and https://www.piie.com/blogs/realtime-economic-
issues-watch/china-bought-none-extra-200-billion-us-exports-trumps-trade
US-China trade deal
a ‘historic failure’ with purchases more than 30 per cent short of target, PIIE report says South China Mornin

9. Blog – Is the World heading to an Energy Crisis –
October 2021
Australia exported 3-13 million tons per month of coal to China in 2020. If China needs 50 million tons per month that is
rapid increase in coal production. It is unclear in China and Australia would be able to ramp to meet the demand. China is
already in a shortage of perhaps 50 million tons per month.
If there is a rapid surge in coal importing to China, there could be overbidding that causes shortages for other Asian
countries. This will also make the supply chain problems even worse.
Prioritizing heating over electricity means more factory shutdowns.
Prioritizing heating coal imports over other supply chain means that the 200 ships waiting to get unloaded get bumped back
at the ports for hundreds of coal ships.
China having coal production problems is tough because building other sources of electricity and heating will take years.
Especially if China wants to get beyond current levels to support 6% per year GDP growth.
https://www.nextbigfuture.com/2021/10/173364.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogsp
ot%2Fadvancednano+%28nextbigfuture%29
This ties nicely to my work on energy - https://www.linkedin.com/pulse/world-heading-energy-crisis-paul-young/

10. Blog - Changes for Supply Chain Workers Needed to Save Global Economy - https://www.linkedin.com/pulse/blog-changes-
supply-chain-workers-needed-save-global-paul-young/?published=t
Transportation worker organizations have an open letter urging world leaders to remove restrictions hampering
the free movement of transport workers, and guarantee and facilitate their free and safe movement.
Land, Sea and air travel worker organizations support $20 trillion of world trade annually and represent 65
million global transport workers, and over 3.5 million road freight and airline companies, as well as more than
80% of the world merchant shipping fleet.
https://www.nextbigfuture.com/2021/09/173322.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed
%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
https://www.slideshare.net/paulyoungcga/how-to-reshore-supply-chain-and-build-a-resilient-supply-chain

11. 5 Maritime Shipping Trends That Are the
Wave of the Future
1. Autonomous ships
2. IoT
3. Blockchain
4. Port automation
5. Digital twins
Source - https://www.thomasnet.com/insights/5-maritime-shipping-trends-that-are-the-
wave-of-the-future/?ecms_id=fa73157e-ea09-4809-95ce-
684f7331a943&ecms_short=ART6523&doc_type=ted_article&sponsored=&acct=&p
arent_id=989b7bcd-7758-47df-999c-
5fa679a630fa&utm_content=featuredstory&position=1&linktype=title&channel=emai
l&campaign_type=thomas_industry_update&campaign_name=tiu220208&utm_camp
aign=tiu220208&utm_medium=email&utm_source=thomas_industry_update&tinid=2
21763045
My work:
https://www.slideshare.net/paulyoungcga/transportation-sector-analysis-and-
commentary-november-2021

12. Supply Chain and Taxes
Companies worldwide are adapting to the pandemic by shifting production closer to customers, but such efforts
to make supply chains more resilient also complicate tax obligations, EY said.
“There’s a lot of benefits that can be obtained” by overhauling global supply chains, according to Craig Hillier,
international tax and transactions services leader at EY. “But there are all these knock-on tax, financial system,
payroll, people, talent issues that need to be addressed as well.”
CFOs need to consider “a whole host of tax issues,” including exit tax cost and transfer of goodwill, Hillier said
Thursday during an EY webinar. At the same time, companies shifting supply chains might gain benefits such as
tax breaks and funding for employment and training, he said, noting “there’s a lot out there at the moment that
companies can take advantage of.”
https://www.cfodive.com/news/supply-chain-overhaul-brings-benefits-tax-complexity-
ey/617973/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-01-
31%20CFO%20Dive%20%5Bissue:39446%5D&utm_term=CFO%20Dive
My work: https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-january-2022-
251041058

13. Summary
• Both Canada and USA are now pushing policies related to critical metals
• USA continues to look at ways to expand energy exports to EMEA
• Middle East oil imports to USA continue to expand under Biden
• Biden propose corporate tax change may have influence on FDI
Blog – Merchandise Trade – United States – April 2022
USA Trade - April
2022.pdf
Trade Deficit
Narrows Most on Record Transport Topics.pdf
For First Time, U.S.
Imports Topped $1 Trillion In 4 Months, New Data Shows.pdf
Banning U.S. Oil
Exports Would Be Biden’s Ultimate Energy Folly.pdf
U.S. liquefied natural
gas exports to Europe increased during the first 4 months of 2022 Hellenic Shipping News Worldwide.pdf
Mexican trade
dispute may dramatically impact U.S. corn growers.pdf
Container shipping
data shows US demand for imports is falling hard - FreightWaves.pdf
The OPEC Fund
dedicates US$1 billion to global food security.pdf
How the United
States is promoting food security, locally and globally - ExBulletin.pdf
Top 5 supply chain
security trends Security Magazine.pdf
Mexico’s snub of
summit could make country vulnerable to trade disputes KERA News.pdf
USTR sees dispute
settlement ‘evolution’ in Pacific deal - Lexis®PSL, ....pdf
Global Shipping
Market Has Performed Well Recently, with Shanghai Ports Seeing A Peak in Shipments_SMM Shanghai Non ferrous Metals.pdf
U.S. LNG Exports To
Europe Increased During 1Q Of 2022 Rigzone.pdf
The Biggest Reshuffle
Of Oil Flows Since The 1970s.pdf
Summary:
The U.S. trade deficit shrunk in April by the most on record in dollar terms, reflecting a drop in
the value of imports amid COVID lockdowns in China while exports climbed.
The gap in goods and services trade narrowed $20.6 billion, or 19.1%, to $87.1 billion,
Commerce Department data showed June 7. The median estimate in a Bloomberg survey of
economists called for an $89.5 billion deficit. The figures aren’t adjusted for inflation.
Imports dropped in April as factory activity in China fell to the lowest level since February 2020
amid strict lockdowns to curb the spread of COVID-19. While manufacturing in the country has
improved since, the measures still are straining already tenuous global supply chains, especially
when coupled with Russia’s war in Ukraine
Source - https://www.ttnews.com/articles/trade-deficit-narrows-most-record-muted-china-imports
1. USA oil imports - https://www.forbes.com/sites/kenroberts/2022/06/07/for-first-time-us-
imports-topped-1-trillion-in-4-months-new-data-shows/?sh=689954e32bf6 and
https://www.forbes.com/sites/daneberhart/2022/06/07/banning-us-exports-would-be-bidens-
ultimate-energy-folly/?sh=7f29f3b93b92
2. Natural Gas - https://www.hellenicshippingnews.com/u-s-liquefied-natural-gas-exports-to-
europe-increased-during-the-first-4-months-of-2022/
3. Corn exports - https://www.advisorsmagazine.com/business/100-leadership-news/24029-
mexican-trade-dispute-may-dramatically-impact-u-s-corn-growers
4. Imports - https://www.freightwaves.com/news/us-import-demand-drops-off-a-cliff

14. Other Sources
• If you like to learn
more about trade
and/or other
subjects as part of
your professional
learning and
development, then
feel free to review
my material on
https://www.udem
y.com/ (search Paul
Young CPA CGA