Mexican Media Brands
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.
#economics
Share
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.
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.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.