Mexican Media Brands
U.S. Trade Deficit Grows
The U.S. trade deficit widened by $700 million in September to $54 billion, the Dept. of Commerce reports.
#economics
Share
The U.S. trade deficit widened by $700 million in September to $54 billion, the Dept. of Commerce reports.
The department’s Bureau of Economic Analysis says September exports of goods and services expanded by $3.1 billion to nearly $213 billion. But imports grew by $3.8 billion to nearly $267 billion.
The country’s deficit with China rose by $3 billion to $37.4 billion in September, as imports overwhelmed exports by $47.7 billion to $10.2 billion. The bureau says the deficit with Mexico dropped by $1.1 billion to $7.6 billion.
The U.S. trade deficit had been shrinking since February but began to climb again in June.
RELATED CONTENT
-
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.
-
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.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.