Trade Gap Widens, White House Blames Oil
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The U.S. trade gap widened nearly 9  percent in October to a record $55.5 billion as sky-high oil  prices helped propel imports into new territory, while  industrial output rose as expected in November.
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The US trade deficit widened nearly 9 percent in October to a record $55.5 billion as sky-high oil prices helped propel imports into uncharted territory, the government said on Tuesday.
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The US trade deficit widened to $54 billion in August, the second-highest in a string of record monthly trade gaps that shows no sign of abating.
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WASHINGTON: The US trade gap widened nearly 9 per cent in October to a record $US55.5 billion ($NZ79.13b) as sky-high oil prices helped propel imports into new territory, while industrial output rose as expected in November.
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The trade deficit widened as expected in May, as higher oil prices helped lift imports to an all-time high, swamping a boost to exports from stronger overseas growth and a weaker dollar, a government report showed on Thursday.
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America's trade deficit swelled to an all-time high of &#36;55.5 billion in October as imports &#151; including those from China &#151; surged to the loftiest levels on record. Skyrocketing crude-oil prices also contributed to the yawning trade gap.
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The US trade deficit ballooned to a record high of $617.7 billion last year, pushed by soaring oil prices and Americans' insatiable appetite for everything foreign, from cars to toys and food.
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WASHINGTON - The U.S. trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, the second highest level in history...
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The U.S. trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, the second highest level in history. The politically sensitive deficit with China hit a new high as American retailers upped their orders for cell phones, toys and televisions.
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WASHINGTON -- America's deficit in the broadest measure of foreign trade increased in the spring to the second highest level in history, reflecting a big jump in payments for foreign oil.
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The US trade gap shrank by a sharper than expected 3.7% in September as exports rose to a record high, despite a new record deficit with China.
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The U.S. trade deficit climbed to a record high for the fifth straight year, with  2006 imports exceeding exports by $764 billion, the Commerce Department reported yesterday. The gap reflects higher oil prices, which increased the nation's import bill, and American consumers' rising appetite for foreign-made goods....
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The US trade deficit widens to fresh record levels after higher oil prices raise the cost of imports.
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Business & money: Upbeat White House tries to talk up economy as oil price falls back  from record highs
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The U.S. trade deficit widened  nearly 9 percent in October to a record $55.5 billion as  sky-high oil prices helped propel imports into new territory,  the government said on Tuesday.
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The U.S. trade deficit widened in  August to its second-highest level on record, fueled by the  highest oil import prices in 23 years and record imports from  China, the U.S. government said on Thursday.
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A record drop in oil import prices  pushed the U.S. trade deficit in October to its lowest level in  more than a year, while U.S. exports rose to a new high, a  Commerce Department report showed on Tuesday.