The US trade gap increased by nearly $1 billion in October to $55.5 billion, the US Commerce Department's Bureau of Economic Analysis said in a press release on Thursday.
WASHINGTON (Pakistan Point News / Sputnik - 06th December, 2018) The US trade gap increased by nearly $1 billion in October to $55.5 billion, the US Commerce Department's Bureau of Economic Analysis said in a press release on Thursday."The deficit increased from $54.6 billion in September (revised) to $55.5 billion in October, as exports decreased and imports increased," the release said.
During the same period, US exports fell to $211 billion, while imports increased to $266.5 billion, the release added.
The trade deficit with the European Union increased by $0.9 billion to $15.1 billion, while the deficit with China rose by $0.7 billion to $38.2 billion, and the deficit with Mexico fell by $1.2 billion to $6.4 billion, the release said.
US President Donald Trump has made the goal of reducing the US trade deficit, particularly the gap with China, a central part of his economic policy.
