Latest Trade balance News

FILE - In this May 11, 2020 file photo, a container ship is docked at Maher Terminals in Elizabeth, N.J. The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce. The Commerce Department said Thursday, July 2 that the gap between the United States buys and what it sells abroad rose 9.7% in May to $54.6 billion, highest since December 2018. (AP Photo/Mark Lennihan, File)

US trade deficit drops in June on record rise in exports

Aug. 5, 2020 9:23 AM EDT

WASHINGTON (AP) — The U.S. trade deficit fell in June for the first time since February as exports posted a record increase, rising twice as fast as imports. The Commerce Department said Wednesday that the gap between the value of what the United States buys and what it sells abroad fell 7.5% to $50.7...

US trade deficit drops 7.5% to $50.7 billion in June

Aug. 5, 2020 8:32 AM EDT
WASHINGTON (AP) — US trade deficit drops 7.5% to $50.7 billion in June.
A worker wearing a face mask to protect against the new coronavirus guides the loading of a shipping container at a container port in Qingdao in eastern China's Shandong Province, Thursday, July 9, 2020. China’s imports of U.S. goods rose 10.6% in June over a year earlier and its global trade also increased in a fresh sign the world’s second-largest economy is gradually recovering from the coronavirus pandemic, customs data showed Tuesday July 14, 2020. (Chinatopix via AP)

China's trade rises as economy recovers from virus slump

Jul. 14, 2020 2:21 AM EDT

BEIJING (AP) — China’s trade improved in June in a fresh sign the world’s second-largest economy is recovering from the coronavirus pandemic. But its exporters face threats including tension with Washington and a possible downturn in U.S. and European demand. Chinese imports rose 3% over a...

FILE - In this May 11, 2020 file photo, a container ship is docked at Maher Terminals in Elizabeth, N.J. The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce. The Commerce Department said Thursday, July 2 that the gap between the United States buys and what it sells abroad rose 9.7% in May to $54.6 billion, highest since December 2018. (AP Photo/Mark Lennihan, File)

US trade deficit rises 9.7% in May to $54.6 billion

Jul. 2, 2020 9:28 AM EDT

WASHINGTON (AP) — The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce. The Commerce Department said Thursday that the gap between the goods and services the United States buys and what it sells...

U.S. trade deficit rises 9.7% to $54.6 billion in May; exports and imports fall

Jul. 2, 2020 8:33 AM EDT
WASHINGTON (AP) — U.S. trade deficit rises 9.7% to $54.6 billion in May; exports and imports fall.
FILE - This July 8, 2019, file photo, shows cars to be exported at Kawasaki port, near of Tokyo. Japan’s exports sank 28% in May, 2020, while imports dropped 26% as the coronavirus pandemic slammed global trade. (AP Photo/Koji Sasahara, File)

Japan's exports, imports sank in May amid pandemic fallout

Jun. 16, 2020 10:48 PM EDT

TOKYO (AP) — Japan’s exports sank 28% in May, while imports dropped 26% as the coronavirus pandemic slammed global trade. The provisional Ministry of Finance data, released Wednesday, showed May was the second straight month Japan recorded a trade deficit. Japan has historically been criticized...