US trade deficit widens by $46.3 billion in June
Source: Associated Press
By PAUL WISEMAN
35 minutes ago
WASHINGTON (AP) -- The U.S. trade deficit widened in June for the first time in four months as exports fell and imports grew. Politically sensitive trade gaps with China, Mexico and Canada all increased.
The Commerce Department said Friday that the deficit in goods and services -- the gap between what the US sells and what it buys from other countries -- rose 7.3 percent to $46.3 billion in June from $43.2 billion in May. U.S. exports slid 0.7 percent to $213.8 billion; imports rose 0.6 percent to $260.2 billion, led by increases in medicine and crude oil.
The United States ran goods deficits in June of $33.5 billion with China, up 0.9 percent from May; $7.4 billion with Mexico, up 10.5 percent; and $2 billion with Canada, up 39.7 percent.
In the first half of the year, the United States has registered a trade deficit in goods and services of $291.2 billion, up 7.2 percent from January-June 2017.
Read more: https://apnews.com/09df7c4de6f54db8b679c28cd2fb26bd/US-trade-deficit-widens-by-$46.3-billion-in-June
U.S. International Trade in Goods and Services June 2018
https://www.bea.gov/newsreleases/international/trade/2018/trad0618.htm
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people want cars & college education-, not sure if it's good or not to finance a $30,000++ car for 10 years or finance a college education for 50 years.
