Trade Deficit Widens to Four-Month High on Export Decline

The video discusses the trade balance, highlighting a slight expansion in the deficit for September, reaching $43 billion, which exceeded economists' predictions. The deficit is at a four-month high, with exports falling significantly due to reduced demand from Europe, Latin America, and Japan, as well as declining oil prices. Imports remained steady, with mobile phones being a notable import. A weak spot identified is the export of civilian airliners by Boeing, which could be an area to watch.

What was the status of imports in August?

Which specific export area did Michael McKee highlight?