More bad news for US trading partners as US imports dropped by more than 2% for the second consecutive month. After dropping 2.1% in September, US imports fell a further 2.7% in October 2006 to $182.5 billion, according to the US Commerce Department. US exports rose 0.2% to $123.6 billion. On a positive note, the 8.4% decline in the US trade deficit puts US trade on a more sustainable level and should help maintain dollar strength, a plus for countries and companies with large reserves of dollars and dollar denominated assets.
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