U.S. trade deficit narrows to eight-month low in February GlobeBusiness
Economists polled by Reuters had forecast the trade shortfall would widen to $53.5 billion in February. The goods trade deficit declined 1.7 per cent to $72.0 billion, also the lowest level since last June.The trade data have been volatile in recent months amid big swings between exports and imports because of the United States’ conflicts with trading partners, including China.
The politically sensitive goods trade deficit with China – a focus of Trump’s “America First” agenda – decreased 28.2 per cent to $24.8 billion in February as imports from the world’s No. 2 economy tumbled 20.2 per cent. Exports to China jumped 18.2 per cent in February. Growth estimates for the January-March quarter are in a 1.5 per cent to 2.3 per cent annualized range, largely reflecting an accumulation of inventories amid slowing domestic demand. The economy grew at a 2.2 per cent rate in the fourth quarter, slowing from the July-September period’s brisk 3.4 per cent pace.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stocks ‘fear gauge’ at 6-month low as Wall Street eyes new highsU.S. stocks ‘fear gauge’ at 6-month low as Wall Street eyes new highs GlobeInvestor
Read more »
Jets fly past Blues with 6-3 win, narrowing playoff deficitSecond period burst of three goals in four minutes helps cut series deficit with St. Louis to 2-1
Read more »
Strong storms in Southern U.S. kill at least eight and injure dozensNearly 90,000 customers were without electricity in Texas, Mississippi, Louisiana, Arkansas and Georgia as of midday Sunday
Read more »
U.S. political consultant tied to Russia probe sentenced to 36 months of probationPatten is a former business partner of Konstantin Kilimnik, a Russian national indicted by Mueller and accused of having ties to Russian intelligence
Read more »
EU approves conditions for limited trade talks with U.S.European Union countries have approved the conditions for negotiating a new and strictly limited trade deal with the United States, paving the way for talks to begin.
Read more »
U.S. and China agree on trade deal ‘enforcement offices,’ says Treasury SecretarySteven Mnuchin, speaking on CNBC television, said that progress continues to be made in the talks, including a ‘productive’ call with China’s Vice Premier Liu He
Read more »
Mnuchin says hopes U.S.-China trade talks nearing ‘final round’U.S. Treasury Secretary Steven Mnuchin said on Saturday a U.S.-China trade agreement would go ‘way beyond’ previous efforts to open China’s markets to U.S. companies
Read more »
TED unveils US$280-million commitment to eight 'audacious' ideasTED’s mantra is ‘ideas worth spreading,’ but its audacious project is aimed at putting bold ideas into action.
Read more »
Judge rules 'provocation' defence too narrowThe public should not be concerned that Thompson’s ruling will “open the floodgates to unwarranted provocation claims.”
Read more »
AI-assisted stock trading venue plans to use the technology for bigger tradesAI-assisted stock trading venue plans to use the technology for bigger trades GlobeInvestor
Read more »