U.S. trade deficit surges to new record; shortfall with China keeps rising

cnbc2021-05-04

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 ...

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Comments

SandDust
2021-05-05
SandDust
US need to get its house in order ASAP. How much more they need to keep spending.
Ivylow
2021-05-05
Ivylow
Hi
RobinHoot
2021-05-05
RobinHoot
Comment
- ccwee:
  liked
- HENGJR:
  help return comment pls
andrew123
2021-05-05
andrew123
If not for US consumption n printing $ to spend, how can China become so rich so fast
Boo2bear
2021-05-05
Boo2bear
Got to buy Bitcoin or Gold to hedge against USD.
Investorpw
2021-05-05
Investorpw
Need to receive a comment for my post. Thanks
- RobinHoot:
  comment
- Agro:
  Comment

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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.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":102328665,"gmtCreate":1620178693657,"gmtModify":1704339783868,"author":{"id":"3581331938298103","authorId":"3581331938298103","name":"SandDust","avatar":"https://static.tigerbbs.com/ea6083d742fc232449a625fb122842c8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3581331938298103","idStr":"3581331938298103"},"htmlText":"US need to get its house in order ASAP. How much more they need to keep spending.&nbsp;","listText":"US need to get its house in order ASAP. How much more they need to keep spending.&nbsp;","text":"US need to get its house in order ASAP. How much more they need to keep spending.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102328665","repostId":1153949411,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":102321564,"gmtCreate":1620178659258,"gmtModify":1704339782739,"author":{"id":"3582161778784599","authorId":"3582161778784599","name":"Ivylow","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582161778784599","idStr":"3582161778784599"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102321564","repostId":1153949411,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":102306772,"gmtCreate":1620175835396,"gmtModify":1704339706805,"author":{"id":"3581756969820600","authorId":"3581756969820600","name":"RobinHoot","avatar":"https://static.tigerbbs.com/d1101bef609ed4fe186a84203990037c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581756969820600","idStr":"3581756969820600"},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/102306772","repostId":1153949411,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4227242,"gmtCreate":1620185256288,"gmtModify":1680787070025,"authorId":3581829959470650,"author":{"id":3581829959470650,"idStr":"3581829959470650","authorId":3581829959470650,"name":"ccwee","avatar":"https://static.tigerbbs.com/652d99331e3c23c682d7e58cfc9f6544","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss 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return comment pls ","text":"help return comment pls ","html":"help return comment pls "}],"langContent":"EN"},{"id":102935713,"gmtCreate":1620172818332,"gmtModify":1704339603872,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3576260758860416","idStr":"3576260758860416"},"htmlText":"If not for US consumption n printing $ to spend, how can China become so rich so fast","listText":"If not for US consumption n printing $ to spend, how can China become so rich so fast","text":"If not for US consumption n printing $ to spend, how can China become so rich so fast","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102935713","repostId":1153949411,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":102930944,"gmtCreate":1620172381988,"gmtModify":1704339593241,"author":{"id":"3578969648963961","authorId":"3578969648963961","name":"Boo2bear","avatar":"https://static.tigerbbs.com/209ae746c8124fe2d5f79aee784d2fcc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3578969648963961","idStr":"3578969648963961"},"htmlText":"Got to buy Bitcoin or Gold to hedge against USD.&nbsp;","listText":"Got to buy Bitcoin or Gold to hedge against USD.&nbsp;","text":"Got to buy Bitcoin or Gold to hedge against USD.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102930944","repostId":1153949411,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":102062977,"gmtCreate":1620169223399,"gmtModify":1704339508293,"author":{"id":"3564887540980880","authorId":"3564887540980880","name":"Investorpw","avatar":"https://static.tigerbbs.com/d1dd948dbb16b3bc2aece70dc8351fa9","vip":1,"crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3564887540980880","idStr":"3564887540980880"},"htmlText":"Need to receive a comment for my post. Thanks","listText":"Need to receive a comment for my post. Thanks","text":"Need to receive a comment for my post. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/102062977","repostId":1153949411,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4225383,"gmtCreate":1620175864103,"gmtModify":1680787035911,"authorId":3581756969820600,"author":{"id":3581756969820600,"idStr":"3581756969820600","authorId":3581756969820600,"name":"RobinHoot","avatar":"https://static.tigerbbs.com/d1101bef609ed4fe186a84203990037c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":102062977,"type":1,"supId":4224274,"prevId":0,"content":"<u>comment</u>","text":"<u>comment</u>","html":"<u>comment</u>"},{"id":4224274,"gmtCreate":1620172150448,"gmtModify":1680787022928,"authorId":3560455691922594,"author":{"id":3560455691922594,"idStr":"3560455691922594","authorId":3560455691922594,"name":"Agro","avatar":"https://static.tigerbbs.com/8e95fbee96b2819a67db33a0a557e3bd","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":102062977,"type":1,"supId":0,"prevId":0,"content":"Comment","text":"Comment","html":"Comment"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":91,"commentSize":20,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1153949411"}