Even as oil prices rise, people are still worried about the state of the economy, but things are beginning to look up. Today the Wall Street Journal posted an article entitled, “U.S. Trade Gap Shrinks as Exports Rise.” This short but positive article by Tom Barkley states that the United States trade deficit shrank for the first time in months this past August.
This narrowing of the trade gap is mostly due to the increase in exports, which are at the peak for the year. Exports rose to $128.22 billion, the highest level since they were $132.92 billion last December. Imports also fell for the first time since May, dropping by about $1,000,000,000. This is a definite Global Trade Success!
