U.S. trade deficit falls in October to lowest since May 2018

06 Décembre, 2019, 07:26 | Auteur: Auguste Feret
  • Embedded Image

Speaking to reporters on Thursday, President Donald Trump dodged questions on whether a new round of tariffs on about $160 billion in Chinese goods would take effect as scheduled in 10 days' time. "The U.S. economy exports $6.2 billion less today, a decline of 2.9%". The year-to-date US goods deficit with China has narrowed to a seasonally adjusted $294.2 billion from the same 10 months of 2018, the report showed. "We are having very good discussions with China".

Merchandise imports from China declined 4.8% from the prior month to $35.3 billion while exports tumbled 17% to $7.49 billion, the least in nearly a year, Commerce Department data showed Thursday.

Goods exports dropped 0.6 percent in the month, building on September's 1.4 percent fall.

The narrower trade gap will make a positive contribution to fourth-quarter gross domestic product. Services exports rose 0.5 percent in October, while services imports rose 0.2 percent. It was the second straight monthly drop in the trade bill and the percent drop was the biggest since January.

Although tariffs have caused a record trade deficit with China to tumble in 2019, the gap has grown with other countries and left the U.S.in no better position.

The overall USA deficit in goods and services trade narrowed to $47.2 billion in October, less than the median estimate of $48.5 billion median estimate of economists surveyed by Bloomberg.

La Formule E monte en grade
Tout comme les saisons précédentes, le pilote et l'équipe sacrés cette saison ne recevront pas le titre de champions du monde. La discipline électrique rejoindra les rangs de la Formule 1, du WEC, du WRC et du WRX à compter de sa saison 7.

Woman drops sexual assault lawsuit against Kings coach Luke Walton
Walton is in his first season as the Kings' bench boss after spending the previous three seasons at the helm of the Lakers. Tennant did not cooperate with the league's investigation.

Klopp names 'one issue' for Liverpool in potential Jadon Sancho pursuit
On Sancho's potential fee - which would likely be a nine-figure sum - Klopp added: " That's one issue , 100 per cent an issue". There's nothing to say . " There's nothing to say about it, which can mean there's absolutely nothing to say about it".

Ironically, the United States has a goods trade surplus with Brazil, which swelled in October to its highest level since March 2014.

Many executives say they are hoping business would pick up if a "phase one" trade deal with Beijing to ease tariffs on Chinese imports is agreed upon in the coming months, along with the approval of the U.S. -Mexico-Canada Agreement, or USMCA.

The dollar was weaker against a basket of currencies, while U.S. Treasury yields rose.

Goods imports dropped as well, falling 2.1 percent, the same magnitude as September. In a third report, the Labor Department said initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended November 30, the lowest level since mid-April.

Trade has been a drag on growth for the past two quarters, according to the Commerce Department's most recent GDP reading. A reversal is likely. Exports of vehicles, civilian aircraft engines and consumer goods all declined in October, although those categories were also hit by the 40-day strike at General Motors Co. and the continued grounding of Boeing Co.'s 737 MAX airliner. But there were increases in oil exports, with the petroleum surplus the highest on record. Economists polled by Reuters had forecast the trade gap narrowing to $48.7 billion in October.

Conseillé:

  • WHO decries 'collective failure' as measles kills 140,000

    WHO decries 'collective failure' as measles kills 140,000

    Measles eradication was the ultimate goal when health officials rolled out measles vaccines starting in the mid-20th century. The five worst-affected countries in 2018 were Democratic Republic of Congo, Liberia, Madagascar, Somalia and Ukraine.
    Mets acquire OF Jake Marisnick in trade with Astros

    Mets acquire OF Jake Marisnick in trade with Astros

    Marisnick hit.233/.289/.411 with 10 homers and 10 steals a year ago while being an above-average defender in center field. Corona, 19, might still be a ways off, although he hit.311 for the Mets in the Class A Gulf Coast League a year ago .
    India vs West Indies 1st T20I

    India vs West Indies 1st T20I

    Pollard has backed the newbies, urging the public to not be too critical of them after just one or two global series. However the West Indies coach remained optimistic about his team's possibilities against a dominant Indian facet.
  • Zlatan Ibrahimovic Slams Cristiano Ronaldo Over 'Bulls***' Challenge

    Asked if he will find the real Ronaldo in Italy, the Swedish striker told GQ (via A Bola ): "None of it! There is only one Ronaldo , the Brazilian!"
    Top 5 Most-Liked Beauty YouTuber Videos of 2019 Revealed!

    Top 5 Most-Liked Beauty YouTuber Videos of 2019 Revealed!

    The 2019 edition was again produced by digital studio Portal A, which has partnered with YouTube for the project since 2012. The five and a half minute video is dramatically different than what was delivered past year .
    Woods defends Mickelson's choice to play in Saudi Arabia

    Woods defends Mickelson's choice to play in Saudi Arabia

    Mickelson later replied to criticism on Twitter by saying, " I understand those who are upset or disappointed". I'm excited to experience this for the first time", Lefty wrote.
  • US military completes pullback from northeast Syria: Mark Esper

    US military completes pullback from northeast Syria: Mark Esper

    Greece and Turkey are at odds over various decades-old issues ranging from mineral rights in the Aegean Sea to ethnically-split Cyprus .
    Caitlyn Jenner Claims Robert Kardashian Knew If OJ Simpson Was Guilty

    Caitlyn Jenner Claims Robert Kardashian Knew If OJ Simpson Was Guilty

    Jenner's campmate Kate Garraway asked if Jenner had liked Simpson. "I gladly said no", she revealed. Kris and Robert were good friends with OJ and his wife Nicole , who was murdered.
    Zlatan Ibrahimovic propose ses solutions — Racisme

    Zlatan Ibrahimovic propose ses solutions — Racisme

    Dans une sortie, le géant suédois semble lui-même avoir mis un terme aux folles spéculations sur son avenir. Le journal britannique assure que le Suédois s'est engagé avec le Milan jusqu'à la fin de la saison.
  • Uber releases safety report, reveals over 5,000 reports of sexual assault

    Uber releases safety report, reveals over 5,000 reports of sexual assault

    The ride-hailing company noted that drivers and riders were both attacked, and that some assaults occurred between riders. But many say they haven't gone far enough to protect passengers and drivers, who are contract workers for the companies.
    Everton Sack Manager Marco Silva Following Merseyside Derby Defeat

    Everton Sack Manager Marco Silva Following Merseyside Derby Defeat

    Everton are in relegation trouble, now sitting in 18th place with just 14 points from 15 games. Vote in the Irish Independent Sport Star Awards and you could win the ultimate sports prize.
    Devils fire head coach John Hynes

    Devils fire head coach John Hynes

    Obviously, change brings opportunity not only for Alain Nasreddine but also for our players. Expectations were high in New Jersey following an active summer.


Populaire

Taylor Swift is about to drop a Christmas song
In a selfie video filmed on her phone, Taylor said: "Okay I know this is pretty wild, but I've just written a Christmas song". The music video features nostalgic home footage filmed by her mother and father Andrea and Scott Swift during the holidays.

Jo Swinson grilled over supporting austerity measures during coalition with Tories
From 2010 onwards, a number of significant cuts were made to public services and the welfare state in order to reduce government spending.

Charles Michel et Ursula von der Leyen officiellement entrés en fonction — UE
L'ancienne ministre de la Défense allemande Ursula Von der Leyen a officiellement pris, hier, la présidence de la Commission européenne.

L'avenir de la coalition de Merkel en suspens
Samedi prochain, le 7 décembre, le SPD sera réuni en congrès à Berlin où il doit entériner le choix du nouveau duo présidentiel. Un résultat inattendu qui menace la coalition et le maintien au pouvoir de la chancelière Angela Merkel .

R Kelly facing bribery charges possibly related to 1994 marriage to Aaliyah
Kelly, New Edition and The Jacksons at the 2013 BET Experience at Staples Center on June 30, 2013 in Los Angeles, California. Kelly and others paid money to a public official for "the creation of a fraudulent identification document for Jane Doe #1".

Katrina Kaif all praises for Alia Bhatts sister Shaheen Bhatts new book
Although Alia and Ranbir's marriage reports continue to surface, it remains to be seen whether this report turns out to be true. Alia's mentor, Karan Johar, also made sure to extend her support to Shaheen by thanking the launch with her presence.

Tottenham : une 1ère qui fait mal, mais Mourinho assume
Les Spurs subissent la 1ère défaite de l'ère Mourinho pendant que les Reds-Devils leur passent devant et sont aux portes du top 5. S'il y a un Diable rouge a épinglé, c'est Leander Dendoncker qui a participé au succès de Wolverhampton face à West Ham.

La "Une" du Corriere dello Sport choque — Italie
Le média italien a décidé de faire sa une sur le match, avec des photos de Romelu Lukaku et Chris Smalling . Le club de la capitale a lui aussi posté un tweet condamnant la Une du Corriere .

Un Gauguin vendu 9,5 millions d'euros à Paris
Le peintre est aujourd'hui sous le feu des critiques, en raison des relations qu'il aurait eues avec des Tahitiennes mineures. La dernière vente sur le marché français d'un tableau de ces années remonte à 22 ans, souligne-t-on chez Artcurial.

Controversial goal mars Newcastle's win over Sheffield United
Jonjo Shelvey even nonchalantly went up and took an opportunity. "Everyone in the ground stopped. I'm not sure I want to learn about it, I'm a bit fed up with it".