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OVERALL U.S. trade deficit in goods and services shrank to a five-month low of $52.5 billion in September, despite U.S. exports to China dropping 10% to a five-month low. / BLOOMBERG NEWS FILE PHOTO/ PATRICK T. FALLON

U.S. trade with China tumbled in Sept. after fresh tariffs

WASHINGTON – United States trade with China nosedived in September after President Donald Trump escalated the trade war with fresh tariffs on consumer items,...
UNTIED STATES gross domestic product expanded at a 1.9% annualized rate in the third quarter. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. economy holds up with 1.9% growth on consumer strength

WASHINGTON – A resilient American consumer helped the United States economy expand more than forecast in the third quarter, assuaging concerns for now of...
MANUFACTURING MADE UP 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

Manufacturing is now smallest share of U.S. economy in 72 Years

WASHINGTON – Three years after Donald Trump campaigned for president pledging a factory renaissance, the opposite appears to be happening.Manufacturing made up 11% of...
THE U.S. BUDGET DEFICIT 26% to $984 billion in 12 months through September. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. annual budget deficit nears $1T with 26% rise

WASHINGTON – The United States budget deficit widened to almost $1 trillion in the latest fiscal year, surging to the highest level since 2012...
U.S. BOOKINGS for all durable goods declined 1.1% year over year in September. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

U.S. business-equipment orders drop second month, miss forecast

WASHINGTON – Orders placed with United States factories for business equipment declined for a second straight month and shipments matched the biggest drop since...
OVERALL U.S. retail sales declined 0.3% in September from the prior month. / PBN FILE PHOTO/MICHAEL SALERNO

U.S. retail sales unexpectedly drop in sign consumer shaky

WASHINGTON – United States retail sales unexpectedly posted the first decline in seven months, suggesting consumers are starting to become shaky as the main...
THE UNITED STATES goods-trade gap with China shrank to a seasonally adjusted $28.9 billion in August from $29.6 billion a month earlier. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN

U.S. trade gap with China narrows as exports hit five-month high

WASHINGTON – The United States' merchandise trade deficit with China narrowed in August as exports rose to a five-month high, a possible sign of...

U.S. economy cools on consumer spending, equipment orders

WASHINGTON – The United States economy cooled in August as Americans spent less than projected and companies cut capital-equipment orders, with below-forecast prices and...
THE UNITED STATES' goods-trade deficit was $72.8 billion in August after $72.5 billion the month prior. / BLOOMBERG NEWS FILE PHOTO/TIM RUE

U.S. goods trade deficit widened in August by less than forecast

WASHINGTON – America’s merchandise trade deficit widened in August by less than forecast as a gain in imports exceeded a slight increase in exports.The...
THE U.S. trade gap with China increased from $30.1 to $30.2 billion in June, seasonally adjusted. / BLOOMBERG NEWS FILE PHOTO/TIM RUE

U.S. goods trade deficit widens to 5-month high in June

WASHINGTON – America’s merchandise trade deficit with China widened slightly in June to a five-month high, government figures showed Friday, a day after President...
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