U.S. trade deficit drops 9.6% in February as exports jump to 2-year high

The U.S. trade deficit fell more than expected in February as exports increased to a two-year high and slowing domestic demand weighed on imports. The Commerce Department said on Tuesday the trade gap declined 9.6 percent to $43.6 billion. January’s trade deficit was revised slightly down to $48.2 billion from $48.5 billion.
Economists polled by Reuters had forecast the trade gap falling to $44.8 billion in February…

U.S. trade deficit hits 5-year high boosted by rising oil prices, cell phones

The U.S. trade deficit jumped to a near five-year high in January as cell phones and rising oil prices helped to push up the import bill, suggesting trade would again weigh on economic growth in the first quarter. The Commerce Department said on Tuesday the trade gap increased 9.6 percent to $48.5 billion, the highest level since March 2012. The deficit was in line with economists forecasts. December’s trade shortfall was unrevised at $44.3 billion…

U.S. trade gap drops 3.2% in December as exports hit highest level some April 2015

The U.S. trade deficit fell in December as exports hit their highest level in more than 1-1/2 years amid record shipments of technology products, but strengthening domestic demand points to further rises in imports, which could constrain economic growth. The Commerce Department said on Tuesday the trade gap dropped 3.2 percent to $44.3 billion, ending two straight months of increases…

U.S. trade gap surged 17.8% in October as exports weakened, imports jumped

The U.S. trade deficit widened sharply in October as exports weakened following a summer surge, and imports jumped, setting up a likely drag on overall economic growth in the final months of 2016. The trade gap for goods and services surged 17.8% from a month earlier to a seasonally adjusted $42.6 billion in October, the Commerce Department said Tuesday…

U.S. imports rises 1.9% as trade gap hit $44.5 billion in June

WASHINGTON—The U.S. trade deficit soared in June as Americans boosted purchases of foreign goods, though broader trends portray a sluggish economy. The trade gap grew 8.7% from a month earlier to a seasonally adjusted $44.5 billion, the widest in 10 months, the Commerce Department said Friday. Imports increased 1.9% while exports rose 0.3%…

U.S. trade deficit rises 8.7%, hits 10-month high in June

Aug 5 The U.S. trade deficit rose to a 10-month high in June as rising domestic demand and higher oil prices boosted the import bill while the lagging effects of a strong dollar continued to hamper export growth. The Commerce Department said on Friday the trade gap increased 8.7 percent to $44.5 billion in June, the biggest deficit since August 2015. May’s trade deficit was revised slightly down to $41.0 billion…

U.S. trade deficit widens as strong dollar, weak demand push exports to 5-1/2 year low

The U.S. trade deficit widened more than expected in January as a strong dollar and weak global demand helped to push exports to a more than five-and-a-half-year low, suggesting trade will continue to weigh on economic growth in the first quarter. The Commerce Department said on Friday the trade gap increased 2.2 percent to $45.7 billion. December’s trade deficit was revised up to $44.7 billion from the previously reported $43.4 billion…

U.S. trade gap expands, exports hits 5-year low in December

WASHINGTON–The U.S. trade deficit expanded in December, highlighting how a global economic slowdown remains a headwind to domestic growth. The trade gap expanded 2.7% from the prior month to a seasonally adjusted $43.36 billion, the Commerce Department said Friday. Exports fell 0.3%, while imports increased 0.3%.
November’s deficit was revised to $42.23 billion, from the previously estimated $42.37 billion…

Canada posts trade deficit of $2.64 billion for May

OTTAWA—Canada’s trade gap widened more than expected in May as non-energy exports fell, indicating that Canadian exporters outside the oil patch are struggling despite a weaker Canadian dollar and a strengthening U.S. economy. Canada posted a trade deficit of 3.34 billion Canadian dollars ($2.64 billion), compared with a slightly revised C$2.99 billion deficit in April, […]

U.S. trade gap drops to $40.1 billion in August on record exports

Oct 3 (Reuters) – The U.S. trade gap unexpectedly narrowed in August to its smallest level in seven months on an increase in exports, supporting views of sturdy economic growth in the third quarter. The Commerce Department said on Friday the trade gap narrowed 0.5 percent to $40.1 billion…

U.S. trade deficit up slightly in January as exports bounce back

(Reuters) – The U.S. trade deficit was little changed in January as a rebound in exports matched an increase in imports. The Commerce Department said on Friday the trade gap was at $39.1 billion from December’s revised shortfall of $39.0 billion. December’s trade gap was previously reported as being $38.7 billion…

Latest U.S. trade report is good news for those in favor of trade liberalization

The U.S. Commerce Department’s report today on the U.S. trade gap became an opportunity for spin by organizations in favor of and opposed to trade liberalization. The National Foreign Trade Council accentuated the positive, noting that “exports set a new record” in 2013…

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