US trade gap, highest since 2008 - KWWL - Eastern Iowa Breaking News, Weather, Closings

US trade gap, highest since 2008

Posted: Updated:
  • NationalMore>>

  • California firefighter killed in retirement home shooting

    California firefighter killed in retirement home shooting

    Monday, June 25 2018 11:56 AM EDT2018-06-25 15:56:45 GMT
    Officials say two firefighters and another person have been shot at a Southern California retirement home and a suspect is in custody.More >>
    Officials say two firefighters and another person have been shot at a Southern California retirement home and a suspect is in custody.More >>
  • Buzz Aldrin sues children, alleging misuse of his finances

    Buzz Aldrin sues children, alleging misuse of his finances

    Monday, June 25 2018 11:56 AM EDT2018-06-25 15:56:38 GMT
    (Photo by Richard Shotwell/Invision/AP, File). FILE - In this Feb. 28, 2018, file photo, Buzz Aldrin attends the 15th annual Global Green Pre-Oscar Gala, at NeueHouse Hollywood in Los Angeles. Aldrin is suing two of his children and a business manager,...(Photo by Richard Shotwell/Invision/AP, File). FILE - In this Feb. 28, 2018, file photo, Buzz Aldrin attends the 15th annual Global Green Pre-Oscar Gala, at NeueHouse Hollywood in Los Angeles. Aldrin is suing two of his children and a business manager,...
    Former NASA astronaut Buzz Aldrin is suing two of his children and a business manager, accusing them of misusing his credit cards, transferring money from an account and slandering him by saying he has dementia.More >>
    Former NASA astronaut Buzz Aldrin is suing two of his children and a business manager, accusing them of misusing his credit cards, transferring money from an account and slandering him by saying he has dementia.More >>
  • Donations, volunteering surge at border asylum-seeker center

    Donations, volunteering surge at border asylum-seeker center

    Monday, June 25 2018 11:55 AM EDT2018-06-25 15:55:31 GMT
    (AP Photo/Manuel Valdes). In this photograph taken June 24, 2018, Catholic Charities of the Rio Grande Valley staffer Eli Fernandez and volunteer Natalie Montelongo pose for a photo as they stand by a pile of unsorted Amazon boxes packed with donations...(AP Photo/Manuel Valdes). In this photograph taken June 24, 2018, Catholic Charities of the Rio Grande Valley staffer Eli Fernandez and volunteer Natalie Montelongo pose for a photo as they stand by a pile of unsorted Amazon boxes packed with donations...
    A rest center for asylum-seekers in the Texas border town of McAllen has seen such a big surge of donations that they've had to rent additional storage space, and caravans of volunteers from across the U.S. have...More >>
    A rest center for asylum-seekers in the Texas border town of McAllen has seen such a big surge of donations that they've had to rent additional storage space, and caravans of volunteers from across the U.S. have also showed up at their doors.More >>
WASHINGTON (AP) -

The U.S. trade deficit rose in January to the highest level since October 2008, defying President Donald Trump's efforts to bring more balance to America's trade with the rest of the world.
   The Commerce Department says the trade deficit rose to $56.6 billion in January, up from $53.9 billion in December and the highest since October 2008's $60.2 billion trade gap. The trade deficit -- the gap between what America sells and what it buys abroad -- has risen for five straight months.
   Trump rattled financial markets last week by promising to slap big tariffs on imported steel and aluminum. He blames persistent deficits on abusive practices by U.S. trading partners and on bad trade deals that put American companies at a disadvantage or encourage them to move factories overseas.

Powered by Frankly