Even With Weak US Dollar, Trade Deficit Still Grows

Hey, isn't one the alleged benefits of a weak dollar that our products would be cheaper overseas? That is, of course if we still made anything of value. But no, even that doesn't seem to be working in our favor any more.

A weaker dollar may boost the nation's economy by increasing exports and narrowing the trade gap — but that won't happen anytime soon. Instead, the nation's trade deficit rose in September by the largest percentage in a decade as U.S. exports grew for the fifth straight month, but imports rose faster, a government report showed Friday. That trend is likely to continue until the middle of next year, economists said.

Rising oil prices and higher purchases of foreign goods by U.S. companies drove imports higher. So did more purchases of foreign parts by U.S. manufacturers, which are ramping up production in the fledgling economic recovery.

Weak dollar no quick fix for narrowing trade gap - Yahoo! News

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