US trade deficit

The United States trade outlook was slammed again in January by a hefty trade deficit of $10.3 billion -- 28 percent higher than the December figure, the Commerce Department reported Thursday. Even though the US achieved a record of $19.4 billion in exports for the month, the progress was overshadowed by $29.7 billion in goods shipped to this country from overseas. The import surge came from increases in passenger cars, telecommunications equipment, and iron and steel mill products.

Goods that pushed the US to its record export level were electrical machinery, office automation equipment, cars, fertilizers, and coal. Agriculture exports, however, dropped 9 percent from December.

Commerce Secretary Malcolm Baldrige predicted even wider deficits owing to the strength of the dollar.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to US trade deficit
Read this article in
https://www.csmonitor.com/1985/0301/ftrad.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us