Trade gap widens in March to $40.4 billion

The U.S. trade deficit hit its widest point in more than a year in March, with a jump in imports swamping a rise in exports as the global economy strengthened, a government report showed on Wednesday.


27 Responses to “Trade gap widens in March to $40.4 billion”

  1. 1 Nick Baumann May 12, 2010 at 9:56 AM

    It was great news to see that that the US is starting to recover from the trade deficit. If we continued on the path we were going down we would have been in for even bigger problems later. I was particularly happy to read that American exports rose. As a nation of consumers it’s always good to see that we can still make things ourselves. But the small mention of Greece reminded me that even though these are very positive signs, there is still a lot of work to do. Greece’s financial crisis has the potential to ruin the EU and essentially bankrupt the world. Even while the US recovers, we should definitely keep Europe’s problems in mind.

  2. 2 Michael Lavery May 12, 2010 at 12:38 PM

    The shrinking of the real trade deficit is excellent news for the US economy. At times like this, it is important to try and secure as many home-grown jobs as possible, as well as supporting domestic business. However the US has a long way to go to decrease it’s massive debt against China.

  3. 3 Meaghan Madgett May 12, 2010 at 3:01 PM

    This great news for the United States! Everything helps in todays economy with a increase in the trade gap it makes everything else have hope in the future. As a whole in society it is always positive to be able to see yourself succeed, even though it is obvious there is still a lot of work to do. Even though the United States is starting to recover, I believe the real issues now turn on the Europeans because with their downfall as well it could potentially backrupt the world

  4. 4 Alma Tenorio May 13, 2010 at 1:55 PM

    As the few other articles have also stated, the economy is turning around! Im glad to see these numbers. I don’t know exactly which numbers constitute as good ones but this article seems to stress the fact that we’re doing better. Of course also, if we do better, then the world as a whole will do better as well. The part about the housing market however is interesting. Now that the incentives are beginning to end, does this mean that we won’t see a great jump in housing sales for a while? Im sure it is difficult for most in the slump to get approved for a mortgage, but now as things are recovering will the banks be more willing to lend out the money? Something must happen soon to recover this market just like the rest of the economy is doing.

  5. 5 Joey V May 16, 2010 at 2:11 AM

    The gap in trade is not necessarily a bad thing or a good thing. The fact that we are getting a lot more products sent into the US is a good thing, however our exports are lower which meas our GDP is lower. Thus the standard of living is lower. We have a lot of issues in the US to e worried about other countries. Our recession has taen us t new lows and it wll take a lot of work to get u out of it.

  6. 6 Matthew J May 16, 2010 at 1:43 PM

    The trade deficit decreasing is fantastic news for the United States economy. Seeing that the American exports have risen is also a good thing. Also the growth in both imports and exports was stronger than the government expectedThere is certainly lots more progress that needs to be made in recovering, but this is definitely a good start.

  7. 7 Chris Hirst May 16, 2010 at 2:25 PM

    Its good news that the exports are going up, that could mean the economy is turning around. I dont feellike it is something to celebrate though, because the widening gap is not a good thing. The gap needs to be shrunk and our country need to produce more for itself so that we can get people employed.

  8. 8 Erik Ramussen May 16, 2010 at 2:26 PM

    It’s definitely good to see that the US exports of goods and services have gone up 3.2 percent to total 147.9 billion since March, but the fact that our imports are rising as well makes it harder to make our GDP higher. The “imports of goods and services rose 3.1 percent to 188.3 billion as the average price for imported oil rose to 74.32 per barrel, which has been the highest since October 2008”. If the price of oil could go down it could definitely make our GDP higher. It’s also good to see a rise in mortgage applications for the week of May 7th due to lower interest rates, but then its not good to see demand for loans fall when the expiration of the influential federal home buyer tax credits.

  9. 9 Justin Castro May 16, 2010 at 7:45 PM

    It is definitely good to gear that the number of exports leaving our country is increasing. Hopefully this is a sign that the economy will be improving as well. Although this is a positive for the U.S. it is clear that the trade deficit needs to shrink. It is imperative that we develop more products that can be produced domestically in order to employ the highest amount of people possible.

  10. 10 Daniel Reddell May 16, 2010 at 10:29 PM

    It’s an encouraging sign to see that growth in global trade is increasing. It is an indicator that global and US recovery is stronger. This is great to hear. Amidst articles stating that there will be budget cuts, higher taxes, etc. etc., it’s nice to read an article that has positive remarks about the economy.

  11. 11 Miles Atkinson May 16, 2010 at 11:49 PM

    Great news to hear that the export is rising since the US economy was clearly not doing so great. It’s also good to know that the US is managing to make some of the stuff themselves rather than just importing them from the foreign countries. Hopefully this will improve the economy.

  12. 12 Ibrahim Jamil May 17, 2010 at 10:38 AM

    I agree with my fellow classmates: very good to hear that imports and exports are rising as they are fundamental elements in attaining a healthy economy. Home-based products are not just key but it shows that the US is able to produce goods without the help of other countries.

  13. 13 amos mccray-goldsmith May 17, 2010 at 1:14 PM

    this is a clear indicator of the economic recovery. we are finally starting to buy more things as americans and as such we are helping to fuel the global recovery as well. this rise in imports show that americans are back to their frugal ways of buying all sorts of stuff, this is a clear sign that our economy is recovering as a whole and people are back out working and getting jobs to pay for the stuff that we want.

  14. 14 Jamie B May 17, 2010 at 1:23 PM

    This is a step in the right direction and it always good news to hear that imports and exports are increasing. The drop in GDP is minor and was expected. It will be interesting to see how the imports raise as summer approaches and the demand for gas goes up. Higher gas prices always seem to lower morale

  15. 15 Luke Napier May 17, 2010 at 4:14 PM

    After reading this article, it is good to hear that our nation is slowly but surely recovering from our current situation. With both exports and imports rising in this country gives us all hope, but at the same token it should be seen as the gap between the two needs to be shrunk to a more reasonable number. Although this directly affects our nation, we should be focusing on how to make more things in our country and bringing the GDP up.

  16. 16 Caitlin K May 17, 2010 at 4:20 PM

    It’s great that the U.S. exports are increasing, probably due to the recession and people resorting back to making things ourselves, instead of relying on imports. Why shouldn’t the U.S. export more than it imports? The U.S. is one of the most powerful and influential countries in the world, and we have ample resources to do so. I’m pretty sure that we were the first to invent the car, the airplane, and put a man on the moon. What happened to our industrial market?

  17. 17 Mitchell Young May 17, 2010 at 5:09 PM

    Great news for the US economy. things are definitely starting to turn around and show positive signs of improvement. the next step is to rebound the GDP. The increase in imports will continue to grow as americans refine their spending ways and the economy continues on a positive path.

  18. 18 Kate Gaze May 17, 2010 at 7:15 PM

    This is awesome news for the US economy. Its good to see our economy slowly recovering from the current situation. It is a positive sign to see that both our exports and imports are rising. Hopefully the economy continues to grow.

  19. 19 Kelsey Zeller May 17, 2010 at 11:10 PM

    This is good to hear. Our economy is slowly but surly getting betetr. It is hard to get our hopes up for this because it has been bad for so long. Lets just hope that is will contunue to get better. we need it to.

  20. 20 kelsea Jimenez May 18, 2010 at 8:55 AM

    The increase in imports and exports shows positive signs that our economy is slowly getting back to its normal state. Since there is a decline is domestic products being sold domestically because Americans don’t have the money to spend, it is a good sign that our export rate is rising. This is a start to lowering the trade deficit and hopefully more good things are about to come our way.

  21. 21 Kyle Barraclough May 18, 2010 at 12:56 PM

    It is great to hear the US is starting to come out of this recession and recover from the trade deficit. Even though the US has built a reputation as a consumer country I was happy to see Americas exports rose because if we continued on the same path we were on our problems would of only continued to get bigger. As we continue to recover I believe an essential thought to keep in our minds is to remember things are not better yet, despite the improvements of late.

  22. 22 Toby DeMello May 18, 2010 at 1:25 PM

    To know that the US economy is headed in the right direction is something that everyone should be excited about. With the US having so much power around the world it is good to see that the trade deficit is improving and hopefully our country can continue to move in the right direction

  23. 23 Ji Young Yoo (Macro) May 18, 2010 at 6:18 PM

    It is a good news for the US to have both rising imports and exports at the same time. It is a sign that the overall economy is on the move toward recovery. While US consumers are now willing to spend more, producers are getting more access to sell in the foreign markets. On the other hand, we should be concerned with the biggest problem the global economy is facing now, that is, the financial meltdown of three EU countries, Greece, Portugal and Spain. Experts say it will not hurt US export growth too much, for most of US exports go to other EU nations beside the three. While this positive projection is soothing, it will only apply in the short run. We should be worried about the long term effect of three EU countries going bankrupt, which will affect not just export markets but stock markets and consumer confidence worldwide.

  24. 24 Stephanie Boyle May 18, 2010 at 7:32 PM

    This is wonderful that we are starting to export more. We need to rely less on other countries and more on our own resources and workers. If we can import less and less and export more and more we will be more profitable, we will have more people in the work force, and we will be an even stronger power, so this step is definitely one in the right direction. I think that this shows that we can make it on our own and we are gaining strength as we struggle to get out of this recession.

  25. 25 Alex Plascencia May 18, 2010 at 8:59 PM

    The fact that the trade deficit is going down is a very good sign. It means that the GDP is increasing which will help the economy reach the natural rate of unemployment. If exports are rising then that means other countries are seeing that we are becoming stable.

  26. 26 Blanca Cerda May 18, 2010 at 11:16 PM

    With the trade deficit improving, this is definitely good news for our economy. Specially because of the condition that it has been in. The exports and imports are definitely a positive step in helping recover from the recession.

  27. 27 Amber Davenport May 19, 2010 at 6:40 AM

    It is very comforting to see that the trade deficit is decreasing. With exports rising, we are supporting more domestic jobs and other countries are seeing that we are stable. This is such good news and is hopefully a foreshadow of economic prosperity to come. If we can defeat the deficit, we can start supporting more domestic companies and jobs, so that the money stays in our economy, as opposed to importing and supporting economies overseas.

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