The U.S. trade deficit dramatically narrowed in November to its lowest level since July 2005. Unquestionably a weak dollar and robust economic growth overseas has helped pushing U.S. exports to a record level in November 2006. The commerce department has stated that the U.S. trade deficit reduced by[...]
Posts Tagged ‘Trade Deficit’
July 3rd, 2012 - 11:11 am § in News Of Economy
US trade deficit narrows dramatically to lowest since July 2005
June 23rd, 2012 - 10:53 am § in News Of Economy
US exports rushes forward, still incapable of closing trade deficit
U.S. exporters are quite upbeat over their booming business despite growing concern over huge trade deficit with China. As a matter of fact, the U.S. is in the middle of an export boom, partially offsetting the country’s enormous trade deficit and providing a modest cushion against sluggish ho[...]
June 14th, 2012 - 10:39 am § in News Of Economy
British trade deficit grows to hit record
The UK’s monthly trade deficit with the rest of the world shot up in December to its biggest since May. The country also hit a record annual trade gap. According to the Office of National Statistics the trade deficit stands around £7.14 billion in December. The deficit in the previous month w[...]
June 11th, 2012 - 10:34 am § in News Of Economy
US trade deficit reaches a record high to $764 billion
The US trade deficit widened to all time high to $763.6 billion last year. The trade deficit shot up by 6.5 percent last year to hit a new record high. The trade deficit increased for the fifth time in a straight successive year. Primarily, last year’s soaring global energy prices and the surg[...]
May 27th, 2012 - 1:49 pm § in News Of Economy
U.S. trade deficit narrows as exports rise to all-time high
The U.S. trade deficit narrowed by 3.8 percent in January to $59.1 billion as the country’s exports surged to an all-time high, the Commerce Department reported on Friday. The Department of Commerce announced that total January exports of $126.7 billion and imports of $185.8 billion resulted i[...]
May 12th, 2012 - 1:25 pm § in News Of Economy
US trade deficit narrows unexpectedly on falling crude imports
The US trade deficit surprisingly lessened in February from the previous month, as the US purchased fewer goods from China and imported less oil & gas, a government report said. The gap in goods and services trade shrunk considerably to $58.4 billion from $58.9 billion in January, the Commerce D[...]
April 28th, 2012 - 12:25 pm § in News Of Economy
US trade deficit hits a six-month high to $63.9 billion
The US trade deficit surged unexpectedly to beat expectations in March to $63.9 billion, as higher oil prices helped drive total imports to the second highest on record, according to a government report. The Commerce Department said in its report that the trade gap widened by 10.4 percent from Febru[...]
April 19th, 2012 - 9:33 am § in News Of Economy
Bush to China: Eat ‘U.S. Beef’
At the end of the high-level economic talks between Chinese and U.S. officials, the one thing that bothered President Bush most was the ‘beef’. After a meeting with visiting Chinese Vice Premier Wu Yi, Bush said that he was really disappointed that China was unwilling to concede on the i[...]
April 14th, 2012 - 8:33 am § in News Of Economy
US trade deficit narrows, brightens growth prospects despite China worries
The US trade deficit narrowed sharply as exports reached a record in April, according to the latest government figures that augured well for the American economy. The trade gap dropped by 6.2 percent down from a revised March deficit of $62.4 billion to $58.5 billion, beating the anticipations of ev[...]