RobinHoot
2021-05-05
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U.S. trade deficit surges to new record; shortfall with China keeps rising
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shortfall with China keeps rising","url":"https://stock-news.laohu8.com/highlight/detail?id=1153949411","media":"cnbc","summary":"KEY POINTSThe U.S. trade imbalance jumped to a record $74.4 billion in March.The deficit with China ","content":"<div>\n<p>KEY POINTSThe U.S. trade imbalance jumped to a record $74.4 billion in March.The deficit with China increased 22%, while the shortfall with Mexico rose 23.5%.Surging demand for foreign-made goods is ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/04/us-trade-deficit-surges-to-new-record-shortfall-with-china-rises.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. trade deficit surges to new record; 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color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. trade deficit surges to new record; shortfall with China keeps rising\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-04 22:17 GMT+8 <a href=https://www.cnbc.com/2021/05/04/us-trade-deficit-surges-to-new-record-shortfall-with-china-rises.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSThe U.S. trade imbalance jumped to a record $74.4 billion in March.The deficit with China increased 22%, while the shortfall with Mexico rose 23.5%.Surging demand for foreign-made goods is ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/04/us-trade-deficit-surges-to-new-record-shortfall-with-china-rises.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","000001.SH":"上证指数",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/05/04/us-trade-deficit-surges-to-new-record-shortfall-with-china-rises.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1153949411","content_text":"KEY POINTSThe U.S. trade imbalance jumped to a record $74.4 billion in March.The deficit with China increased 22%, while the shortfall with Mexico rose 23.5%.Surging demand for foreign-made goods is pushing the shortfall.The U.S. trade deficit hit a fresh record high in March as U.S. consumers flush with government cash spurred a continuing demand for foreign-made goods.With a new round of$1,400 stimulus checkspouring in and the domestic economycontinuing to show substantial improvement, the imbalance in goods and services with the rest of the world swelled to $74.4 billion, the Commerce Departmentreported Tuesday.That's the highest level ever in a data series that goes back to January 1992, and represents a 57.6% increase from the same period a year ago and higher than the $70.5 billion in February.The tradeimbalance with Chinaincreased more than 22% to $36.9 billion. The deficit with Mexico rose 23.5% to $8.4 billion.\"Stimulus has kept American consumers spending through the pandemic, but restrictions on high-contact industries have diverted consumer spending from domestically produced services to goods, much of which are imported,\" PNC senior economist Bill Adams wrote.Exports actually increased for the month, rising $200 billion or 6.6%. But that was offset by a continued demand for imported goods, which increased 6.3% or $274.5 billion.The deficit has risen nearly 10% in 2021 alone and has exploded from the $47.2 billion level in March 2020, just as the U.S. was entering the early days ofthe Covid-19 pandemic. Imports in 2021 have increased by 8.5% while exports have fallen 3.5%.Adams said the shortfall is likely to decline in coming months as the recovery progresses.\"As the pandemic comes under control in the United States, American consumers will spend less on imported goods, shrinking imports; and foreigners will buy more U.S. exports as their economies recover further,\" he said.For March, imports rose the most in consumer goods, which increased $4.5 billion, including a $1.2 trillion rise in textile apparel and household goods. Industrial supplies and materials imports rose $3.7 billion and capital goods were up $3.3 billion.Industrial supplies and materials led exports with a $5.2 billion increase, while capital goods were up $2.9 billion and consumer goods rose $2 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":312,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/102306772"}
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