WASHINGTON http://www.cheapairmax270clearance.com/ , April 3 (Xinhua) -- U.S. trade deficit expanded to five-month high in February due to higher-than expected exports, the Commerce Department said on Thursday.

The deficit of goods and services increased to 42.3 billion U.S. dollars in February, up 7.7 percent from the revised 39.3 billion dollars in January.

Exports decreased 1.1 percent to 190.4 billion dollars in February cheap nike air max 270 , while imports rose 0.1 percent to 232.7 billion dollars.

The goods deficit increased to 61.7 billion dollars, and the services surplus decreased to 19.4 billion dollars.

Falling exports were dragged by commercial airplanes and computers, while imports were driven by automobiles.

The U.S. economy grew 2.6 percent in the last quarter of 2013 cheap air max 270 green , of which 0.99 percentage point was contributed by smaller trade deficit. Analysts expected the widening deficit would take a toll on the first quarter gross domestic product.

The U.S. goods deficit with China decreased from 27.8 billion dollars to 20.9 billion dollars.

WASHINGTON, April 17 (Xinhua) -- U.S. Commerce Secretary Penny Pritzker on Thursday underlined the importance for the United States to expand trade presence in the Asia-Pacific region and announced a slew of moves to this end and critical to boost the country's exports and employment.

While delivering a speech in John Hopkin's University in Washington, D.C cheap air max 270 white , Pritzker said increasing overseas presence is a critical way for U.S. businesses seeking to grow in foreign markets, urging them to look beyond the domestic market and seize opportunities in fast-growing markets in Asia.

"Asia-Pacific has become an enormous permanent market for American products and supports more than 3 million U.S.jobs," she said cheap air max 270 black , adding "The U.S. economy has become inextricably linked to the economies in the Asia-Pacific."

She disclosed that two new commercial service offices will be opened in Myanmar and in Wuhan, a city in central China. Additional staff will be added to 10 other Asian postings. She will also travel to Myanmar, the Philippines and Vietnam in June cheap air max 270 wholesale , accompanied by an entourage of business executives.

The top American trade official believed the moves would allow them to provide U.S. businesses with greater support as well as to attract more inbound investment.

As a major part of Obama's rebalance to Asia strategy, the United States have been actively engaged in the Trans-Pacific Partnership (TPP) trade talks between 12 Asia Pacific countries.

U.S. officials had hoped to complete the talks by the end of last year, but negotiators failed to reach a deal. Negotiations stalled again in February due to disagreements between the United States and Japan.

Asia contributes 60 percent to global gross domestic product cheap air max 270 china , and is home to some of the world's fastest growing economies and half the world's population, said Pritzker.

Asia-Pacific countries imported 4 trillion U.S. dollars worth of goods in 2012 and the number is expected to increase to 10 trillion U.S. dollars by 2022, according to data given by the U.S. Commerce Department.

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