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U.S. Trade Deficit Narrows
America’s trade deficit dropped by $4 billion to $36.4 billion from August to September, according to the U.S. Dept. of Commerce.
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America’s trade deficit dropped by $4 billion to $36.4 billion from August to September, according to the U.S. Dept. of Commerce.
Exports for the month rose by $1 billion and imports shrank by $3 billion. The Commerce Dept. says the goods deficit narrowed by $2.6 billion, and the services surplus grew by $1.4 billion.
The value of exported cars and vehicle components in September declined 4% to $4.3 billion from the previous month. Imports in the same categories rose 4% to $29.8 billion.
The U.S. trade deficit with China, its largest trade partner, fell by $2.2 billion to $26.9 billion in September.
The Commerce Dept. says the overall trade deficit through the first nine months of 2016 declined 2% to $366.9 billion compared with the same period last year.
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