Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
The art of the deal genius has TRADE DEFICITS ON THE RISE...
US trade deficit edges up, even as Americans buy less from China
Washington (CNN Business)The US trade deficit edged up by 1.5% in March, but the gap with China continues to narrow amid an ongoing trade dispute.
Seeking to close that gap even futher, President Donald Trump is set to raise tariffs on some Chinese goods Friday.
Overall, the US monthly trade deficit in goods and services grew to $50 billion, the Census Bureau reported Thursday. American companies imported more from abroad than they exported, a trend driven by the strong economy.
Imports rose 1.1%, reflecting an increase in purchases of industrial supplies and materials. But Americans bought fewer consumer goods including cell phones, which are largely produced in China. Exports also rose at nearly the same pace, driven by shipments of US fuel and soybeans.
Seeking to close that gap even futher, President Donald Trump is set to raise tariffs on some Chinese goods Friday.
Overall, the US monthly trade deficit in goods and services grew to $50 billion, the Census Bureau reported Thursday. American companies imported more from abroad than they exported, a trend driven by the strong economy.
Imports rose 1.1%, reflecting an increase in purchases of industrial supplies and materials. But Americans bought fewer consumer goods including cell phones, which are largely produced in China. Exports also rose at nearly the same pace, driven by shipments of US fuel and soybeans.
https://www.cnn.com/2019/05/09/economy/us-trade-deficit-figures-china/index.html
