Monday, October 7, 2019 | Tag Cloud
, Worthy News
(Worthy News) - The U.S. trade deficit has grown by nearly $1 billion after the Trump administration imposed new tariffs against Chinese products, the Commerce Department said in a report Friday.
The U.S. trade deficit grew from $54 billion in July to $54.9 billion in August, the department analysis said. The increase was driven by an explosion of imported consumer goods along with new tariffs against China and Europe.
"The goods and services deficit increased $28.3 billion, or 7.1 percent, from the same period in 2018," the study said. "Exports decreased by $3.2 billion or 0.2 percent. Imports increased $25.1 billion or 1.2 percent." [ Source: UPI (Read More...) ]
Copyright 1999-2020 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.