US Trade Deficit Widens More Than Expected To USD48.7 Billion In October

Share

The US trade deficit in goods and services widened by $3.8bn to reach $48.7bn, according to the Department of Commerce.

Services imports increased as well, rising by $300m to $45.2bn.

Trump took office on a nationalist economic agenda, pledging to bring down the trade deficit by canceling or renegotiating trade pacts and aggressively policing the export practices of major trading partners. The widening in trade deficit was mainly driven by stronger than expected rise in imports, which grew 1.6 percent sequentially, while growth in exports stayed flat.

Overwatch League Uniform Skins Will Be Available for In-Game Purchase
Nanzer said that they will be issuing the skins for the twelve inaugural season teams as official Overwatch League skins. Take note that the Overwatch League tokens will be only used to buy in-game content for the Overwatch League .

So far this year, the United States is running a trade deficit of $462.9 billion, up 11.9 percent from a year earlier. Moreover, the trade deficit for September was upwardly revised by Dollars 1.4 billion. Imports increased $146.6 billion or 6.5%.

In October, the United States ran a surplus of $20.3 billion with the rest of the world in services such as banking and tourism.

Exports climbed 2.7% in October to C$44.46 billion on broad-based gains, whereas imports fell 1.6% mostly due to weaker demand for passenger cars and light trucks.

Deutsche Bank turns over Trump documents after Mueller subpoena
Trump also has mortgages with the bank on his Trump National Doral Miami golf course and has borrowed off Trump Tower Chicago. News broke Tuesday morning that Deutsche Bank has given Mueller's investigation Trump's personal bank account information.

Average prices for imported crude oil also hit a two-year high at US$47.26 a barrel, moving the value of crude imports up by US$1.5 billion.

Imports of cell phones also rose, by $300m, Commerce said.

SEC files ICO fraud charges
The SEC reported it was able to obtain an emergency court order freezing the assets of Lacroix, Paradis-Royer, and PlexCorps. Lacroix was further fined $25,000 by the Court of Quebec for illegal distribution, illegal practice and misrepresentations.

Share