The U.S. trade deficit fell for the first time in six years in 2019 as the White...
WASHINGTON - The U.S. trade deficit fell for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment.
Trump has argued that substantially cutting the trade deficit would boost annual economic growth to 3% on a sustainable basis. The economy has, however, failed to hit that mark, growing 2.3% in 2019, which was the slowest in three years, after expanding 2.9% in 2018. The goods trade deficit with Mexico jumped to a record high of $101.8 billion last year. The deficit with the European Union also reached an all-time high of $177.9 billion.
U.S. stock index futures were trading higher while prices of U.S. Treasuries were lower. The dollar was slightly stronger against a basket of currencies.When adjusted for inflation, the goods trade deficit increased $4.3 billion to $80.5 billion in December.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
YouTube Reveals Revenue for First Time: $15.1 Billion In 2019For the first time, Google revealed just how big of an advertising machine YouTube is
Baca lebih lajut »
Dubai airport passenger traffic drops in 2019, first time everDubai International Airport, a major air transit hub, handled 86.4 million passe...
Baca lebih lajut »
Dubai airport sees first-ever annual drop in passenger traffic in 2019Dubai International Airport, the world's busiest airport for international ...
Baca lebih lajut »
Venezuela's inflation tumbles to 9,586% in 2019: central bankVenezuela closed 2019 with 9,585.5% inflation, a sharp fall from 130,060% in 201...
Baca lebih lajut »
The Top Ten Bags to Buy For Fall 2019Ten bags you can't go wrong with this season.
Baca lebih lajut »
6 Democratic candidates pulled in $400 million from donors in 2019Top Democratic candidates pulled in close to $400 million last year.
Baca lebih lajut »