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U.S. Trade Gap Widens As Exports Of Goods Fall

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U.S. Trade Gap Widens As Exports Of Goods Fall

2016-12-06 12:14:28

On Tuesday the Commerce Department announced that the trade gap has widened 17.8 percent to $42.6 billion. The boost is the largest percentage increase since March 2015. There was also a reported jump in exports in the last quarter. According to Reuters "exports contributed 0.87 percentage point to the third quarter's 3.2 percent annualized rate of increase in gross domestic product. The surge was largely noted in soybean shipments after a poor harvest in Argentina and Brazil.

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