Testimonials

Excellent overall impression of R W Freight when they carry our Danish export freight

Denmark Freight Exporter
85642

Since RW Freight Services have been dealing with my imports from Sweden we have been very happy with the service received.

Swedish Import Freight
76689

RW Freight always gives a fast delivery to Sweden for my export Freight

Sweden Export Freight
5425

More Testimonials

air freight Australia Brexit Canada cargo China container containers Covid-19 Denmark exporters exports exports China Finland France freight freight forwarders freight forwarding Freight Shipping Germany Gothenburg Hong Kong imports India Ireland italy Japan logisitics logistics Netherlands Norway Poland rail freight russia Seafreight shipping South Africa Spain Sweden Sweden freight Swedish Switzerland Turkey USA wine

US trade deficit largest since 2008 as imports surge

Tags: ,


The U.S.A trade deficit increased to its highest level in nearly 6-1/2 years in March, as imports rebounded strongly after being held down by a labour dispute at key West Coast ports, suggesting the economy contracted in the first quarter.

The Commerce Department said that the deficit on the trade balance jumped 43.1 percent to $51.4 billion, the largest since October 2008. The percent rise also was the biggest since December 1996.
February’s shortfall was revised to $35.9 billion from a previously reported $35.4 billion. Economists polled by Reuters had forecast the trade deficit rising to $41.2 billion.

The now-settled labour dispute at the West Coast ports significantly slowed imports and exports at the start of the year. The dollar, which has gained about 12 percent against the currencies of the United States’ main trading partners since last June, has also weighed on trade.

In March, imports jumped 7.7 percent, the largest increase on record, to $239.2 billion. Imports are a drag on growth.