ASSOCIATED PRESS / 2016
Containers wait to be unloaded from a ship at the Port of Baltimore in Baltimore. The U.S. trade deficit rose in April 2017 to the highest level since January, according to information released Friday by the Commerce Department.
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WASHINGTON >> The U.S. trade deficit rose in April to the highest level since January. The politically sensitive trade gap with China registered a sharp increase.
The Commerce Department said Friday that the U.S. trade gap in goods and servÂices climbed 5.2 percent to $47.6 billion in April from March. Exports dropped 0.3 percent to $191 billion, pulled down by a drop in automotive exports. Imports rose 0.8 percent to $238.6 billion as Americans bought more foreign-made cellphones and other consumer goods.
The deficit in goods with China rose by 12.4 percent to $27.6 billion in April.
So far this year the trade deficit is up 13.4 percent from a year earlier to $186.6 billion.
ON THE MOVE
>> Atlas Insurance Agency has announced that Kimberly Li has been promoted to senior sales account manager in the Personal Lines unit. In this position Li will continue working with real estate agents, lenders and large business clients, and provide consulting on homeowner’s and auto insurance. Li has six years of insurance industry experience and was recognized as the top Personal Lines sales account manager in 2016.
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