U.S. trade deficit grew in October as exports slowed

It seems that Asian countries are not only the ones who are facing decrease in the exports. According to this artcile, the U.S. exports also have declined, facing trade deficit for U.S. In October for the first tim, exports fell by 2.2 percents especially due to declines in sale of automobiles and consumer goods. The primary reason for this is due to the strengthening of the dollar against major world currencies, thus the price that foreigners would have to pay has increased on American goods.

As compared to the decrease in exports, the trade deficit may not be so devistating as it has occured due to the strengthening of the dollar. Although this may bring trade deficit, the strengthing of the dollar may bring other positive effects in return.