Mexican Media Brands
U.S. Trade Deficit Deepens
America’s goods and services trade deficit widened 5% to $47.6 billion from March to April, the U.S. Dept. of Commerce says.
#economics
Share
America’s goods and services trade deficit widened 5% to $47.6 billion from March to April, the U.S. Dept. of Commerce says. The deficit through the first four months of 2017 expanded 13%.
The department says exports of vehicles and components slipped by about $500 million in April. The largest deficits in the first quarter of this year were with China ($32.1 billion), Mexico ($6.4 billion), Germany ($5.5 billion) and Japan ($5.0 billion).
Analysts say the strong dollar may have contributed to the widening trade gap, which makes foreign goods cheaper in the U.S. and American-made goods costlier overseas.
RELATED CONTENT
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.