The international trade deficit in goods and services widened 19% in December from the prior month to a seasonally adjusted $59.8 billion, the Commerce Department said Wednesday. Economists surveyed by The Wall Street Journal had expected a $57.3 billion gap.
Global Stocks Pause Ahead Of New U.S. Trade Data. Economists Expect The U.S. Trade Deficit Widened In December
Stocks wavered Wednesday ahead of new U.S. trade data that could provide clues on the impact of the U.S.-China trade dispute and the sustainability of growth in the world’s largest economy.
The goods trade deficit jumped 12.8 percent to $79.5 billion in December, boosted also by an increase in imports. Exports fell 2.8 percent amid steep declines in shipments of foods, industrial supplies and capital goods. Imports increased 2.4 percent driven by food and capital and consumer goods.
The U.S. Trade Deficit Fell To $49.3 Billion In November, The First Decline After Five Straight Months Of Increases
A release from the government Wednesday showed the gap had closed in November, the most recent month for which data was available, to $49.3 billion from $55.7 billion in October, representing an 11.5 percent decline. Economists surveyed by Dow Jones had been looking for a deficit of $54.3 billion.
U.S. and Chinese officials are set to begin trade negotiations on Monday in the hope of reaching a deal during a 90-day truce between President Donald Trump and his counterpart Xi Jinping
U.S. and Chinese officials are set to begin trade negotiations on Monday. Here are seven issues that will be key to making headway
Total U.S. agricultural export shipments to China for the first 10 months of 2018 fell by 42 percent from a year earlier to about $8.3 billion, according to the U.S. Department of Agriculture.
Hiring Slows as Wages Grow, the trade deficit has widened and concerns over global growth are mounting
After robust growth in the middle of the year, the economy has been flashing mixed signals of late. Equity markets are well down from early October and yields on U.S. Treasury bonds have fallen, indications of diminished investor expectations for growth and inflation.