Trade Deficit Widens to Four-Month High on Export Decline

The video discusses the trade balance, highlighting a slight expansion in the deficit for September, reaching $43 billion, which exceeded economists' predictions. The deficit is at a four-month high, with exports falling significantly due to reduced demand from Europe, Latin America, and Japan, as well as declining oil prices. Imports remained steady, with mobile phones being a notable import. A weak spot identified is the export of civilian airliners by Boeing, which could be an area to watch.

By what percentage did the trade deficit expand in September?

• 8.4%

• 7.6%

• 6.8%

• 5.2%

Which month had the lowest trade deficit in the past seven months before September?

• May

• August

• June

• July

What was one of the main reasons for the decline in exports?

• Higher import tariffs

• Slowing demand from Europe

• Rising oil prices

• Increased demand from Asia

Which product's export was identified as a weak spot in the report?

• Civilian airliners

• Mobile phones

• Automobiles

• Textiles

What remained steady in September compared to August?

• Exports

• Trade deficit

• Oil prices

• Imports