Mexican Media Brands
U.S. Trade Deficit Shrinks
America's trade deficit narrowed 7% to $41.5 billion from May to June, the U.S. Dept. of Commerce reports.
#economics
Share
America's trade deficit narrowed 7% to $41.5 billion from May to June, the U.S. Dept. of Commerce reports.
Exports grew 0.1% to a record $196 billion. Imports dropped 1.2% to $237 billion.
Imports and exports of cars and auto parts fell $1.1 billion and rose $200 million, respectively, from May to June. The country's trade deficit in petroleum products dropped to a four-year low of $14.6 billion as the need for imported oil continued to decline.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
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.
-
Is The V8 Dead?
Tougher fuel economy standards may be the end of most V8s.