Related News
US trade gap widens as exports drop
Source: Agencies |
December 12, 2012, Wednesday
|
Print Edition
Print Edition
THE US trade deficit widened in October because exports fell by a larger margin than imports, a sign slower global growth could hit the US economy.
The US Commerce Department said yesterday that the trade deficit increased 4.8 percent in October from September to US$42.2 billion. Exports dropped 3.6 percent to US$180.5 billion. Sales of commercial aircraft, autos and farm products all declined.
Imports fell 2.1 percent to US$222.8 billion, reflecting fewer shipments of cell phones, autos and machinery.
The US trade deficit with China grew in October to a record US$29.5 billion.
A wider trade deficit acts as a drag on the US growth. It typically means the US is earning less on overseas sales of American-produced goods while spending more on foreign products.
The US Commerce Department said yesterday that the trade deficit increased 4.8 percent in October from September to US$42.2 billion. Exports dropped 3.6 percent to US$180.5 billion. Sales of commercial aircraft, autos and farm products all declined.
Imports fell 2.1 percent to US$222.8 billion, reflecting fewer shipments of cell phones, autos and machinery.
The US trade deficit with China grew in October to a record US$29.5 billion.
A wider trade deficit acts as a drag on the US growth. It typically means the US is earning less on overseas sales of American-produced goods while spending more on foreign products.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
