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U.S. Goods & Services Trade Gap Fuelled Further
The U.S. trade deficit widened further in March, to $60.3 bln from a revised $57.8 bln in the prior month, as imports continued to outpace exports. Total exports increased 2.0% to $320.9 bln, while imports climbed a slightly faster 2.3% to $381.2 bln. On the export side… strength was concentrated in energy-related goods (amid the Iran war) rather than sturdy, broad-based global demand. Total exports rose by $6.2 bln, driven almost entirely by industrial supplies and materials. Crude oil (+$2.8 bln), fuel oil (+$1.6 bln), and other petroleum products (+$1.7 bln) accounted for most of the gain. On the import side… ... (full story)
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Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran, we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed. President DONALD J. TRUMP
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $60.3 billion in March, up $2.5 billion from $57.8 billion in February, revised. March exports were $320.9 billion, $6.2 billion more than February exports. March imports were $381.2 billion, $8.7 billion more than February imports. The ...
The US trade deficit jumped 4.3% in March to $60.3 billion, the second straight monthly jump and a reading that reflects the first full month after the Supreme Court struck down President Trump’s blanket tariffs. Imports jumped 2.3% to $381.2 billion, outpacing a rise in exports of 2.0% to 320.9 billion. The goods deficit increased by $4.1 billion to $88.7 ...
