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
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.