US trade deficit hits 18-month low on record exports in May

By MG News | July 06, 2018 at 09:57 PM GMT+05:00

0:00

Washington, July 6: A burst of US exports of soybeans, commercial aircraft and other goods drove the American trade gap to its lowest level in 18 months in May, the government reported Friday.

As Washington embarked on a multi-front trade war, the US trade deficit fell 6.6 percent to $43.1 billion in May on the back of all-time record exports.

There were reports of firms trying to ship products out before retaliatory tariffs from China took effect Friday, as well import goods before US tariffs hit at midnight.

(AFP/APP)

Related News

Name	Price/Vol	%Chg/NChg
KSE100	125,627.31 258.99M	1.00% 1248.25
ALLSHR	78,584.71 1,142.41M	1.16% 904.89
KSE30	38,153.79 69.25M	0.63% 238.06
KMI30	184,886.50 91.38M	0.01% 13.72
KMIALLSHR	53,763.81 554.57M	0.54% 290.61
BKTi	31,921.68 33.15M	1.78% 557.94
OGTi	27,773.98 9.65M	-0.40% -112.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,605.00	108,105.00 107,505.00	-630.00 -0.58%
BRENT CRUDE	66.42	66.63 66.34	-0.32 -0.48%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.76	65.02 64.67	-0.35 -0.54%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%