The October 2010 U.S. trade deficit decreased $3.9 billion to $38.7 billion. September's trade deficit was revised to $44.6 billion. Exports increased $4.9 billion and imports decreased $0.9 billion. That's a 13.2% trade deficit decrease in a month. Exports alone increased 3.19% in October, which is a long time coming.
The September 2010 U.S. trade deficit decreased $2.5 billion to $44.0 billion. August's trade deficit was revised, from $46.347 to $46.5 billion. The decline in the trade deficit was due to a $2.0 billion drop in imports. Exports increased $0.5 billion. China alone was 47.5% of the trade deficit.
The Bureau of Economic Analysis released the April 2009 Foreign Trade statistics. Here is the BEA Foreign Trade Press Release and the full report.
The Nation's international deficit in goods and services increased to $29.2 billion in April from $28.5 billion (revised) in March, as exports decreased more than imports.
Our trade problem can be summarized in one word: China. Imbalanced trade with China is responsible for over half (57%) of the overall U.S. trade deficit in April.
Inventory build up reduced the decline of GDP from -5.1% to 3.8%.
Autos was 2.04% of the GDP drop. These means nobody is buying cars and trucks!
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 3.8 percent in the fourth quarter of 2008, (that is, from the third quarter to the fourth quarter), according to advance estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP decreased 0.5 percent.
With the U.S. no longer following the foreign money trail, the American public will cease to have the ability to track the rapid sell-off of America’s best companies to foreign interests, essentially burying the problematic fact that America is for sale.
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