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
-
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.
-
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.
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.