Markets

US goods-trade deficit widens to record $82.9 billion in August as imports surge

The US goods-trade deficit widened to a record in August as companies rushed to meet stronger consumer spending with increased importing. The trade gap jumped to $US82.9 billion from $US80.1 billion, the Commerce Department reportedThursday. Economists surveyed by Bloomberg expected a reading of $US81.8 billion. Imports climbed 3.1% to $US201.3 […]
US goods-trade deficit widens to record $82.9 billion in August as imports surge
Markets

US trade deficit in July hits widest point in 12 years

Summary List Placement The US trade deficit in July swelled to its greatest gap since the 2008 financial crisis, the Commerce department reported Thursday. The US trade deficit, or gap between imports and exports, widened nearly 19% to $US63.6 billion in July from $US53.5 billion in June, according to the […]
US trade deficit in July hits widest point in 12 years
News

Trump’s favourite trade war report card is looking uglier than ever

The US goods trade deficit increased to $US77.2 billion in the month of October – a record high. President Donald Trump has made reducing the trade deficit a key goal of his policies. But experts say Trump’s tariffs can’t reverse an underlying economic trust about the US. President Donald Trump’s […]
Trump’s favourite trade war report card is looking uglier than ever
News

Trump is losing the trade war, according to his favourite measure

President Donald Trump has made the reduction of the US trade deficit one of the key measures of success in his trade fights with China, the European Union, and Canada. According to new data, the US trade deficit is growing despite Trump’s tariffs. The deficits between the US and Trump’s […]
Trump is losing the trade war, according to his favourite measure