- The U.S. trade deficit dropped more than expected in January likely as China b...
WASHINGTON, - - The U.S. trade deficit dropped more than expected in January likely as China boosted purchases of soybeans, leading to a rebound in exports after three straight monthly declines.
Data for December was revised slightly down to show the trade gap widening to $59.9 billion instead of the previously reported $59.8 billion. Economists polled by Reuters had forecast the trade gap narrowing to $57.0 billion in January. Trump has delayed tariffs on $200 billion worth of Chinese imports as negotiations to resolve the eight-month trade war continue, with Beijing pledging to resume bulk purchases of soybeans after cancellations at the height of the trade fight.
But that estimate is likely to be lowered when the government publishes a revision on Thursday as some economic data for December was weaker than had been previously assumed. Export growth, however, continues to be constrained by slowing global demand and the dollar’s strength last year, which is making U.S.-made goods less competitive on foreign markets. Despite the rise in soybean shipments, exports to China were the smallest since September 2010.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US trade deficit narrows sharply in January as imports from China tumbleThe trade deficit between the U.S. and its global partners dropped sharply to $51.15 billion as exports rebounded from a slowdown at the end of 2018.
Consulte Mais informação »
U.S. trade deficit sinks 15% at start of 2019 as China tensions disrupt flow of goodsThe trade deficit sank almost 15% in January to a five-month low, largely reflecting a surge in soybean exports, falling oil prices and lower imports from...
Consulte Mais informação »
China imports, exports rebound in first half of March: ministryChina's imports and exports rebounded in the first half of March, Gao Feng,...
Consulte Mais informação »
U.S. government posts $234 billion deficit in FebruaryThe U.S. federal government posted a $234 billion budget deficit in February, ac...
Consulte Mais informação »
U.S. Posts The Biggest Monthly Budget Deficit In American HistoryFebruary's federal budget deficit was the largest on record, according tofigures released by the Treasury Department on Friday
Consulte Mais informação »
U.S. whiskey exports dry up as tariffs biteAmerican whiskey exports slumped in the second half of 2018, taking a blow from ...
Consulte Mais informação »
U.S. current account deficit rises 6.2% in 4th quarter to $134.4 billionWASHINGTON (MarketWatch) - The U.S. current-account deficit, a measures of the nation's debt to other countries, rose 6.2% in the fourth quarter owing to...
Consulte Mais informação »
U.S. runs largest monthly budget deficit on record in FebruaryThe federal government ran a budget deficit of $234 billion in February, the Treasury Department reported on Friday, the biggest monthly shortfall on record.
Consulte Mais informação »