October imports were $244.6 billion, $3.8 billion more than September imports.
Boosted by a weaker U.S. dollar, the October trade gap rose 8.6 per cent compared to September, to US$48.7 billion, the highest since January, surpassing analyst expectations for an increase of only 5.6 per cent.
McDonald's revives Dollar Menu name with $1, $2 and $3 items
McDonald's executives in October said nearly all of its USA operators support its ongoing turnaround plan that includes the new value menus.
If export growth continues to stall in November and December while imports continue to pick up, gross domestic product, a measure for US economic growth, could be significantly lower in 2017's last quarter than it was in previous quarters. Economists had expected the deficit to widen to USD47.5 billion. Conventional economists argue that trade deficits are largely caused not by flawed trade agreements or cheating by particular countries but by a bigger economic force: Americans spend more than they produce, and imports have to fill in the gap. The overall trade deficit widened 11.9% so far this year compared with the same period in 2016.
Meanwhile, imports fell 1.6 per cent to $45.9 billion in October, mainly due to a drop in motor vehicles and parts. Imports increased $146.6 billion or 6.5%.
Huawei's Honor 7X India launch: Check out specs, price and features
The Honor 7X is powered by Huawei's own HiSilicon Kirin 659 processor paired with 4GB of RAM and a 3,3240mAh battery. The biggest talking points of the Honor 7X are its edge-to-edge display and the dual camera setup at the rear.
The goods deficit increased 5.9% to $69.1 billion, while the services surplus shrunk slightly to $20.3 billion.
Historically speaking, the US imports more good than it exports, but runs a modest trade surplus for services.
Ubisoft's Resistance update 1.8 has landed
Starting Wednesday, December 6 through Sunday, December 10, The Division and all three expansions will be free to play. Of course, The Division Update 1.8 also includes the usual long list of tweaks, balance changes, and fixes.
Imports of mobile phones rose US$300 million as did transportation services.