WASHINGTON — The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports. The April deficit, the gap between what America buys from abroad and what it sells to other countries, was down 8.2% from a record March deficit of $75...
US Trade Trade Deficit Falls to $52.5 Billion in September
WASHINGTON — The U.S. trade deficit fell in September to the lowest level in five months as imports dropped more sharply than exports and America ran a rare surplus in petroleum. The Commerce Department said Tuesday that the September gap between what America buys from abroad and what it sells...
US Economy Slowed to 2.1% Growth in Second Quarter
WASHINGTON — The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. The gross domestic product, the economy's total output of goods and services, grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, the Commerce Department...
In a Blow to Trump, America’s Trade Deficit Hit Record $891 Billion
By Jim Tankersley and Ana Swanson WASHINGTON — America’s trade deficit with the rest of the world rose to its highest level in history last year as the United States imported more goods than ever, including a record amount from China, ballooning the deficit to $891.3 billion and delivering a setback...
Is Our Trade Deficit Draining Jobs Like Trump Says?
Are those tariffs imposed by the Trump administration going to bring back jobs to the United States? This is one of the questions addressed in New York Times economist Neil Irwin’s discussion of the trade deficit. Irwin takes the reader through a step-by-step explanation of why a deficit in the...