About: http://data.cimple.eu/news-article/1435756a89dbd193d06c1376a7b05192cc98c9e403efd38da34cf93a

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rdf:type	schema:NewsArticle
schema:articleBody	As the coronavirus shut down businesses and transport, a record drop in US exports and imports in April drove the trade deficit up more than $7 billion to $49.5 billion, the government reported Thursday. Exports of US goods and services fell more than 20 percent or $39 billion compared to March, to $151.3 billion, the lowest level in 10 years, the Commerce Department reported. Imports in the month dropped a more modest 13.7 percent or $32 billion to $200.7 billion. For the year to date, the US trade gap swelled by $26 billion, or more than 13 percent, compared to the same period of last year, according to the report. The impact of the shutdowns to contain COVID-19 were widespread throughout the data and in all industries and products, including aircrafts, air travel, oil, auto parts and clothing. Travel fell nearly $3 billion in the month, the report said. Although the collapse of trade in most cases meant the US deficit in goods alone narrowed with most countries, the deficit with China jumped to nearly $26 billion from $17 billion in March. "Exports and imports will continue to be restrained by weaker global growth and falling demand at home and abroad in the aftermath of the virus outbreak," Rubeela Farooqi of High Frequency Economics said in an analysis. hs/cs
schema:headline	US April trade gap jumps to $49.5 bn on record export drop
schema:mentions	Wind power by country Balance of trade Virus China Severe acute respiratory syndrome coronavirus 2 Balance of payments High Frequency Economics Farooqi United States Department of Commerce
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-04 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	60 (xsd:integer)

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