{"id":739,"date":"2017-05-05T04:42:49","date_gmt":"2017-05-05T04:42:49","guid":{"rendered":"http:\/\/baileyonlineclassroom.com\/theamericasblog\/?p=739"},"modified":"2017-05-05T04:42:49","modified_gmt":"2017-05-05T04:42:49","slug":"u-s-trade-deficit-with-mexico-in-goods-highest-since-2007","status":"publish","type":"post","link":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/2017\/05\/05\/u-s-trade-deficit-with-mexico-in-goods-highest-since-2007\/","title":{"rendered":"U.S. trade deficit with Mexico in goods highest since 2007"},"content":{"rendered":"<p>WASHINGTON (MarketWatch) \u2014 U.S. trade deficits in goods with Mexico and Japan hit the highest levels in March in almost a decade, though the nation\u2019s trade gap overall was virtually unchanged.<\/p>\n<p>The deficit dipped 0.1% to $43.7 billion in March to reach a five-month low, the Commerce Department said Thursday. Economists polled by MarketWatch had forecast a $44.5 billion gap.<\/p>\n<p>Exports slid 0.9% to $191 billion, largely reflecting fewer shipments of pharmaceutical drugs and American-made cars. Imports edged down 0.7% to $234.7 billion.<\/p>\n<div class=\"unruly_in_article_placement\">\n<div class=\"unruly_in_article_video_container\"><\/div>\n<div class=\"unruly_ia_bottombar\">\n<div class=\"unruly_ia_progressbar\"><\/div>\n<\/div>\n<\/div>\n<p>The Trump administration has made slashing the trade deficit one of its priorities, particularly the large gaps with China and Mexico. Yet these deficits are the byproduct of major economic changes in the U.S. and its trading partners over a long period that won\u2019t be eradicated easily or quickly.<\/p>\n<div id=\"ad-teads\" class=\"ad module    pixel \">\n<div id=\"google_ads_iframe_\/2\/marketwatch.com\/economy_ecorpt_1__container__\"><\/div>\n<\/div>\n<p>The trade gap with Mexico in goods climbed 22% to $7 billion in March as imports of set a record. That\u2019s the biggest deficit with the southern neighbor since November 2007, a month before the start of the Great Recession.<\/p>\n<p>The U.S. trade deficit in goods with Japan, meanwhile, leaped 55% to $7.2 billion to mark the highest level since April 2008.<\/p>\n<p>Mexico and Japan are both big suppliers to the U.S. of autos and parts, whose imports soared in March.<\/p>\n<p>These unadjusted country trade figures are highly volatile, however, and can exhibit sharp ups and downs from month to month.<\/p>\n<p>The trade deficit has long been a drag on the official scorecard for the U.S. economy, known as gross domestic product. Yet it\u2019s been relatively stable over the past few years.<\/p>\n<p>On the bright side, an improved global economy is stoking demand for U.S. exports, while Americans buoyed by an nearly eight-year-old expansion are more able to afford imports.<\/p>\n<p>In recent trading, the Dow Jones Industrial Average <span class=\"quote down bgQuote\"><a class=\"qt-chip trackable\" href=\"http:\/\/www.marketwatch.com\/investing\/index\/djia?mod=MW_story_quote\">DJIA, <span class=\"bgPercentChange\">-0.03%<\/span><\/a><\/span> fell slightly.<\/p>\n<div id=\"related-articles\" class=\"module\">http:\/\/www.marketwatch.com\/story\/us-trade-deficit-with-mexico-highest-since-2007-2017-05-04<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON (MarketWatch) \u2014 U.S. trade deficits in goods with Mexico and Japan hit the highest levels in March in almost a decade, though the nation\u2019s trade gap overall was virtually unchanged. The deficit dipped 0.1% to $43.7 billion in March to reach a five-month low, the Commerce Department said Thursday. Economists polled by MarketWatch had forecast a $44.5 billion gap&#8230;. <a href=\"https:\/\/baileyonlineclassroom.com\/theamericasblog\/2017\/05\/05\/u-s-trade-deficit-with-mexico-in-goods-highest-since-2007\/\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-739","post","type-post","status-publish","format-standard","hentry","category-article"],"_links":{"self":[{"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/posts\/739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/comments?post=739"}],"version-history":[{"count":1,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/posts\/739\/revisions"}],"predecessor-version":[{"id":740,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/posts\/739\/revisions\/740"}],"wp:attachment":[{"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/media?parent=739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/categories?post=739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/tags?post=739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}