U.S. trade deficit narrows to eight-month low in February
WASHINGTON - The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, suggesting President Donald Trump’s “America First” agenda was starting to bear fruit.
The 20.2 percent drop in imports from China was the main driver behind a nearly 3.4 percent improvement in the U.S. trade deficit to $49.4 billion, data from the Commerce Department showed. Economists polled by Reuters had forecast the trade shortfall would widen to $53.5 billion in February. Washington last year imposed tariffs on $250 billion worth of goods imported from China, with Beijing retaliating with duties on $110 billion worth of American products. Trump has delayed tariffs on $200 billion worth of Chinese imports and talks to end the trade impasse continue.
U.S. Treasury yields rose slightly after the release of the data. U.S. stock index futures were trading higher while the dollar was largely unchanged against a basket of currencies.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
U.S. trade deficit shrinks again in February to lowest level in eight monthsThe nation’s trade deficit fell 3.4% in February to the lowest level in eight months, buoyed by higher exports of autos and airplanes and a smaller gap with...
Consulte Mais informação »
U.S.-China trade war is rerouting U.S. import flows: reportPresident Donald Trump's trade war with China has U.S. companies shifting p...
Consulte Mais informação »
U.S. import prices rise for third monthU.S. import prices increased for a third straight month in March, driven by high...
Consulte Mais informação »
EU goods trade surplus with U.S. grows, deficit with China widensThe European Union's trade surplus in goods with the United States increase...
Consulte Mais informação »
U.S. raises trade deficit concerns with Japan, no deal on individual issuesThe United States has raised concerns over its 'very large' trade defi...
Consulte Mais informação »
China eyes U.S. poultry, pork imports in trade talks: sourcesChina would likely lift a ban on U.S. poultry as part of a trade deal and may bu...
Consulte Mais informação »
Yen drops towards 2019 low as bullish mood hits safe havensThe yen fell towards a 2019 low on Monday and the Swiss franc reached its weakes...
Consulte Mais informação »
US trade deficit falls in February as shortfall with China decreases 28%
Consulte Mais informação »
Asian shares near nine-month highs, helped by U.S. optimism on China trade talksAsian shares neared nine-month highs on Monday after U.S. Treasury Secretary Ste...
Consulte Mais informação »
Asian shares pause near eight-month high, dollar weakensAsian stocks held near eight-month highs on Thursday and the dollar slipped agai...
Consulte Mais informação »