U.S. Trade Deficit Narrows to $50.1 Billion in April

trade deficitBy MARTIN CRUTSINGER

WASHINGTON -- The U.S. trade deficit shrunk in April, but only because a big drop in imports offset the first decline in U.S. exports in five months.

The Commerce Department says the trade deficit narrowed 4.9% in April to $50.1 billion.

U.S. exports, which had hit a record the previous month, fell 0.8% to $182.9 billion. Sales of everything from commercial jetliners to industrial machinery declined.

Imports, which also set a record in March, dropped an even faster 1.7% to $233 billion.

The trade gap remains wide and could therefore weigh on growth in the April-June quarter. A wider trade gap slows growth because it means the United States is spending more on foreign-made products than it is taking in from sales of U.S.-made goods.

And the slip in exports is troublesome because it shows the weaker global economy is dampening demand for American-made goods. Export sales declined to Europe, China and Brazil.

Europe's debt crisis has worsened in recent months and many economists say the region is already in recession. Europe accounts for almost one-fifth of U.S. exports.

In addition Europe's troubles, growth in emerging market countries, such as China, has been slowing this year.

In March, the deficit increased sharply to $52.6 billion, slightly more than the $51.8 billion initially reported last month. It was the biggest increase in more than a year and dragged on economic growth in the January-March quarter.

Most economists say the U.S. economy is growing at an annual rate of 2% to 2.5% in the current April-June quarter. That's slightly better than the 1.9% growth in the first three months of the year, but still only modest.


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danno

hey only 50 billion or so not bad...yea sure..

June 11 2012 at 12:47 PM Report abuse rate up rate down Reply
Mike Kuhne

I see you libs are always ready to shout about obamanation's "successes"(?), but when it comes to his failures, and there are Many, you are very quiet, and pretend they never existed.

SHEEPLE!

June 11 2012 at 12:43 PM Report abuse +1 rate up rate down Reply
democracks0

Evans a dope!

June 10 2012 at 11:25 PM Report abuse +1 rate up rate down Reply
ragtopdaz

The America people need to unite and create a fund to build some new work farms/prisons for our corrupt politicians/Government employees. I am tired of seeing these poor people cry on National TV on how they were wronged for breaking the law. yet they never seen to serve any time behind bars, and if they do it seems most still keep their sweet retirement deals.
Its time the AMERICAN PEOPLE hold these crooked politicians/Government employees accountable for crimes the ordinary person would serve life in prison for..... I beg you all please give till it hurts, as these carpetbagger/ politicians have scammed the tax payers for to long.
Its either this or send them all over to China to work and start paying off the deficit they have created for us as well as our great, great, great grand children.
Just like these Government servants.
"Rita Crundwell, the comptroller and treasurer of the small Illinois town of Dixon, was arrested Tuesday on charges of embezzling $33.2 million from city coffers, the Chicago Tribune

Crundwell, who is also a championship horse breeder, reportedly bought more than $300,000 worth of jewelry with the money, but sank most of it into running her horse breeding business, Meri-J Ranch, including a $2.1 million motor home, according to International Business Times. In fact, her successful horse business, which boasts 52 champion horses on its website, may have served as a cover for her alleged criminal activity, according to MSNBC."

Then we the tax payers go hungry to pay for this:

The General Services Administration – you know, the agency that’s supposed to be a watch dog over government spending – is back in the news. This time it’s over $750,000 in travel expenses racked up by work-from-home employees in less than a year. They’re the poster children for everything that’s wrong with our bloated, big-spending government.

June 10 2012 at 7:00 PM Report abuse rate up rate down Reply
Somey

t_trevor

Scott Walker must have fed Evan another big ole juicy feces burger.

"Mmmmmmmmmm", bleats Evan.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
I know that you're a bit strange, but now you eat juicy feces burgers also.

June 10 2012 at 5:10 PM Report abuse -4 rate up rate down Reply
2 replies to Somey's comment
Somey

t_trevor

I know you're as dumb as they comel, but now you insist on illustrating your illiteracy yet again?

Is there simply nothing that can be done for an idiot like you?
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
I know you're as dumb as they (comel), but now you insist on illustrating your illiteracy yet again?
Is that suppose to be come?

You might also have another one of your yummy juicy feces burger, which is fitting nutrition for you.

June 10 2012 at 8:35 PM Report abuse +1 rate up rate down Reply
democracks0

LMAO Someholes responding to comments addressed to Evan.

What a simpleton

June 10 2012 at 11:26 PM Report abuse rate up rate down Reply
west hammond

if the current administration is successful in depicting our current us econ in a global context as "doing OK" compared to other countries, it will be unfortunate. WE are much to blame as our treasuries yield nothing. the once proud treasury is become to the world low yield mattress padding.

June 10 2012 at 4:58 PM Report abuse +3 rate up rate down Reply
Dennis Anderson

The United States is spending more on foreign-made products than it is taking in from sales of U.S.-made goods.
Like we have a choice thank to Mr B Clinton and the rest of them for freetrade agreement

June 10 2012 at 12:56 PM Report abuse rate up rate down Reply
wcoastguynca

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June 10 2012 at 12:26 PM Report abuse -4 rate up rate down Reply
wcoastguynca

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June 10 2012 at 12:25 PM Report abuse -5 rate up rate down Reply
cwestbrookjr

Wow! 50.1 Billion in a month....that is so narrow....Americans should be ashamed!

June 10 2012 at 10:15 AM Report abuse +3 rate up rate down Reply