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It’s largely about the chemistry of the oil and the mechanics of the refineries. In many cases, importing foreign crude is cheaper.
U.S. exports become more expensive overseas, but imported goods become cheaper here in the U.S.
The Labor Department reported that the price of imported goods rose 0.3% in February compared to 0.8% the month before.
We bought more imports from Mexico — and Chinese companies have been investing heavily there.
A year ago, U.S. exporters were complaining that the dollar was too strong. Not anymore.
It’s mostly down to the falling price of oil, but the ingredients and materials manufacturers use are getting cheaper too.
The share of goods the U.S. imports from China has declined to its lowest level since 2006, as manufacturers and retailers seek to diversify their supply chains.
The dollar’s strong because the Federal Reserve’s been raising interest rates.
The economy grew, but not as much as expected. Some parts of the economy are slowing, but not as much as expected.
Imports fell more than exports.