The U.S. trade deficit fell in October to its lowest level in more than a year as exports and imports both slid for the month.
The U.S. trade deficit tumbled 7.6% to $47.2 billion in October from a revised print of $51.1 billion for September.Exports dipped 0.2%, or $400 million, to $207.1 billion.The U.S. trade deficit fell in October to its lowest level in more than a year as exports and imports both slid for the month, the Commerce Department said Thursday.
The deficit tumbled 7.6% to $47.2 billion from a revised print of $51.1 billion for September. Economists polled by Dow Jones expected the U.S. trade deficit to narrow to $48.5 billion in October. Imports dropped by 1.7%, or $4.3 billion, to $254.3 billion. That decline was driven by fewer imports on products including cell phones, toys and games and passenger cars.
That decline could signal a weakening U.S. consumer as the trade war with China rages on. Both countries have hit each other's products with tariffs for nearly two years, denting investor sentiment. Chinese Commerce Ministry spokesman Gao Feng said Thursday the two sides are maintaining communications on trade, but offeredOverall, U.S. exports dipped 0.2%, or $400 million, to $207.1 billion. That decline was driven by an $800 million drop in goods sent out of the U.S., which ranged from consumer to pharmaceutical and automotive products.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Proper U.S.-China trade deal more important than timing: U.S. Commerce chiefU.S. Commerce Secretary Wilbur Ross on Tuesday rejected any deadlines on a trade...
Leer más »
Top U.S. diplomat: no evidence Ukraine meddled in 2016 U.S. electionA top State Department official said he had seen no evidence that Ukraine – not Russia – interfered in the 2016 U.S. election, undermining an argument used by some supporters of President Trump as he faces an impeachment investigation
Leer más »
U.S. House passes Uighur bill; vote likely to heighten U.S.-China tensionsThe U.S. House of Representatives overwhelmingly backed legislation on Tuesday t...
Leer más »
Dow jumps 200 points amid renewed optimism over U.S.-China trade talksU.S. stocks open higher Wednesday morning as investors take cheer from a report that Beijing and Washington are still working toward a phase one trade deal,...
Leer más »
Mexico resists U.S. demands on trade deal, wants Senate to back tweaksMexico's president on Tuesday pushed back against U.S. efforts to subject h...
Leer más »