Menu

US trade deficit drops for the first time in six months

By Toby |

The trade deficit of the United States of America slipped in November due to a steady decline in cellphone and petroleum product imports. As economists lifted their growth estimates for the fourth quarter, the trade deficit came down in a first in the past six months.

On Wednesday, the US Department of Commerce reported on the consumer goods drop — an effect of the recent stockpiling as the trade war between China and the US tightened,

Some economists are of the view that this slowdown increased the chances of the new labor talk. The only silver lining is that it will ramp up the GDP in the fourth quarter.

In November, the trade deficit slipped 11.5% to $49.3 billion. Before November, it had risen for five straight months.

The government shutdown further affected the release of the data.

The trade deficit with China slid to $37.9 billion in November from $43.1 billion in October.

The total trade deficit has been on higher levels due to new Trump policies and tariffs.

The goods trade deficit, after adjusting for inflation, fell $7.5 billion to $80.8 billion in November. In the last month, imports of goods and services went down 2.9% to $259.2 billion. Consumer goods imports declined $4.3 billion.

Petroleum product imports shed $1.4 billion while crude oil imports dropped $0.7 billion. November crude oil price was the lowest since April, at $57.54 a barrel.

Get access to timely and accurate verbatim transcripts that are published within hours of the event

Advertisement

221 responses to “US trade deficit drops for the first time in six months”

  1. MSc in pharmacy

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nevertheless actually really worth taking a appear, whoa did one discover about Mid East has got a lot more problerms also […]

  2. Maillot de football

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nonetheless really really worth taking a appear, whoa did a single understand about Mid East has got a lot more problerms at the same time […]

  3. fluffy bully

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nonetheless definitely really worth taking a appear, whoa did one find out about Mid East has got a lot more problerms as well […]

  4. FUE

    […]we prefer to honor lots of other world wide web web sites on the web, even when they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  5. FiverrEarn

    […]Wonderful story, reckoned we could combine a number of unrelated data, nevertheless seriously worth taking a search, whoa did 1 learn about Mid East has got more problerms as well […]

  6. FiverrEarn

    […]we prefer to honor a lot of other world-wide-web sites around the internet, even though they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  7. culiacan clima

    […]Wonderful story, reckoned we could combine a few unrelated data, nevertheless seriously really worth taking a search, whoa did a single learn about Mid East has got additional problerms too […]

  8. crypto news

    […]Wonderful story, reckoned we could combine a few unrelated data, nonetheless truly worth taking a search, whoa did 1 master about Mid East has got much more problerms as well […]

Leave a Reply

Top