FILE PHOTO: The view from one of the ship-to-shore cranes at Wando Welch Terminal operated by the South Carolina Ports Authority in Mount Pleasant, South Carolina, U.S. May 10, 2018. REUTERS/Randall Hill/File Photo
January 29, 2020
WASHINGTON (Reuters) – The U.S. goods trade deficit increased in December as imports rebounded, offsetting a modest rise in exports, but trade is still expected to have boosted economic growth in the fourth quarter.
The Commerce Department said on Wednesday the goods trade gap surged 8.5% to $68.3 billion last month. The goods trade deficit had dropped for three straight months, driven by declining imports.
(Reporting By Lucia Mutikani; Editing by Toby Chopra)
