Connect with us

Hot world news

US trade deficit dips to $68.9 billion with exports up

US trade deficit dips to $68.9 billion with exports up

MARKETING NEWS

US trade deficit dips to $68.9 billion with exports up

The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exportsBy MARTIN CRUTSINGER AP Economics WriterJune 8, 2021, 12:46 PM• 1 min readShare to FacebookShare to TwitterEmail this articleWASHINGTON — The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports.The April deficit, the gap between what America buys from abroad and what it sells to other countries, was down 8.2% from a record March deficit of $75 billion.The improving economic situation overseas drove up demand for American goods while domestic demand for imports slowed.In April, exports of U.S. goods and services rose 1.1% to $205 billion while imports declined 1.4% to $273.9 billion.Through the first four months of the year, the U.S. trade deficit totals $281.7 billion, up 50.4% from the deficit during the same period in 2020, a time when the U.S. economy was essentially shut down because of the coronavirus pandemic.


Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in MARKETING NEWS

To Top
error: Content is protected !!