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
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
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.