trade deficit

U.S. Trade Deficit Plunges as Exports Hit Two-Year High

Aided by a jump in exports and a dip in imports, the U.S. trade deficit unexpectedly plunged to $38.7 billion in October, the U.S. Commerce Department said. A weaker dollar is making U.S. industrial and agricultural goods and services more attractive to foreign customers, including emerging market economies developing their infrastructures.

Consumer Sentiment Rises to Highest Level Since June

The consumer sentiment index rose to its highest level in five months in November, propelled by a slightly better economic outlook. However, despite the gain, sentiment remains at a low level, and not high enough to suggest a surge in consumer spending anytime soon.

August Trade Gap Grows Due to Oil, Chinese Imports

The U.S. trade deficit unexpectedly jumped to $46.3 billion in August, as the nation%u2019s deficit with China surged to a record $28 billion -- pushing overall imports up 2.1%, while overall exports rose just 0.2%. Oil prices were the other key culprit as our petroleum deficit surged 5.7%.

More Exports, Fewer Imports Aid U.S. Trade Gap

The U.S. trade deficit fell to $42.8 billion in July from $49.8 billion in June. The gap remains huge, but if the trends continues in the months ahead, trade will boost U.S. GDP growth above current forecasts.

When Americans Stop Shopping, the World Suffers

With the U.S. consumer economy in the doldrums, the impact is being felt globally. From China to Germany and Canada to Japan, America's major trading partners are struggling to adapt to a sudden decline in U.S. imports.

U.S. Trade Deficit Unexpectedly Rises in May

May%u2019s unexpected rise in the U.S. trade deficit to $42.3 billion isn%u2019t likely to resolve the tug-of-war between the economic bulls and bears. Imports and exports both grew, but imports grew marginally faster.

U.S. Trade Deficit Unexpectedly Increased in May

The U.S. trade deficit unexpectedly increased in May to $42.3 billion, from a revised figure of $40.3 billion in April. Imports outpaced exports in May, driven by increased demand for consumer goods and cars, the Commerce Department said.

As Exports Fall, Is the Recovery in Jeopardy?

April's trade report provides fodder for the bears, who will likely point to the month's 0.7% drop in exports as further evidence that international demand is not going to drive a self-sustaining recovery in the U.S.

U.S. Trade Deficit Climbs to $40.4 Billion

The U.S. trade deficit rose to a 15-month high as rising oil prices pushed crude oil imports to the highest level since the fall of 2008, offsetting another strong gain in exports. The larger deficit is evidence of a rebounding U.S. economy.

Five Economic Wishes for 2010

If you could wave a magic wand and do whatever it took to fix the U.S. economy, what changes would you make? These five wishes, if granted, would likely result in good things for U.S. investors and the economy for decades to come.

Trade Deficit Widened in February

The trade deficit unexpectedly widened 7.4% to $39.7 billion in February, the Commerce Department said, as rising imports outpaced rising exports.

Treasury Secretary Geithner's Trade Diplomacy in China

Timothy Geithner squeezed in a trip to Beijing on his way home from a visit to India. His mission: to diffuse ever-increasing U.S. trade tensions with China ahead of a meeting next week between the two countries' leaders. Chinese officials may be in a mood to compromise.

Trade Deficit Rises for Second Straight Month

The U.S. trade deficit unexpectedly widened for in November as rising imports outpaced rising exports. A $5 a barrel jump in oil prices was a key factor, offsetting import cuts in other areas.

Rising Exports Shrink Trade Gap

The nation's trade deficit unexpectedly plunged to $32.9 billion in October, as exports -- aided by the weaker dollar -- rose for the sixth straight month, the U.S. Commerce Department announced Thursday.

Tourist spending plunges in the US

International visits to the United States fell 12 percent in May 2009 from the year before. Those still flying over spent a lot less – only...