US trade gap narrows unexpectedly
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US trade deficit narrows sharply, surprising marketsThe U.S. Balance of Trade showed a significant improvement, with the actual deficit narrowing to $52.8 billion from the previous $59.6 billion.
The U.S. government posted a lower $173 billion deficit in November as tariffs on imports helped to boost revenues, the Treasury Department said on Wednesday.
U.S. equities face a complex calculus when trade deficits shrink. Multinational corporations in the S&P 500 derive substantial revenue overseas, making them sensitive to US dollar movements. A strengthening US dollar from improved trade dynamics can squeeze profit margins for exporters and reduce the translated value of foreign earnings.
[Stay on top of transportation news: Get TTNews in your inbox.] The U.S. trade deficit shrank in August as imports declined by the most in four months, official data showed Nov. 19 after a lengthy delay due to a government shutdown. The goods and services ...
(RTTNews) - A report released by the Commerce Department on Wednesday showed the U.S. trade deficit narrowed significantly in the month of August amid a steep drop in the value of imports. The Commerce Department said the trade deficit shrank to $59.6 ...
WASHINGTON, Nov 19 (Reuters) - The U.S. trade deficit narrowed more than expected in August as businesses imported fewer goods against the backdrop of higher tariffs, a trend that if sustained could be a potential tailwind for economic growth in the third ...