BBC: US exports hit a record high in July, pushing the country’s trade deficit down to its lowest level in three months, official figures have shown. Led by strong overseas sales of manufactured goods, US exports rose 3.8% to $178bn (£111bn), said the Commerce Department.
At the same time, imports fell 0.2% to $222.8bn, helped by a fall in the price of oil reducing the cost of the US’s crude imports. The trade gap fell 13.1% to $44.8bn.
The figures will be welcome news for President Barack Obama, who is set to give a speech on job creation later today.
President Obama hugs First Lady Michelle Obama after watching her jump rope during a taping for the Presidential Active Lifestyle Award (PALA) challenge and Nickelodeon’s Worldwide Day of Play, July 15
President Obama gets a hug from a little girl as he greets Wounded Warriors and their families in the State Dining Room of the White House, July 5
President Obama talks with Andrew Kline, outgoing Chief of Staff, Office of Intellectual Property Enforcement, in the Oval Office, July 12. Kline’s daughter, Logan, sits atop the Resolute Desk.
President Obama greets members of the audience following a town hall at the University of Maryland, July 22
Vice President Biden and President Obama look at an app on an iPhone in the Outer Oval Office, Saturday, July 16
President Obama and Vice President Biden greet Wounded Warriors and their families in the State Dining Room of the White House, July 5
President Obama meets with senior advisors in the Situation Room, July 8
President Obama and First Lady Michelle Obama watch fireworks from the roof of the White House, July 4
A young girl salutes President Obama as he shakes hands along a ropeline with members of the military and their families during the Fourth of July celebration at the White House
And from Samantha Appleton:
First Lady Michelle Obama greets children during her visit to the Naval Air Station Oceana Summer Camp in Virginia Beach, July 21