US Trade Deficit Continues to Climb
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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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THE Commerce Department reported today that the United States recorded a $US54 billion ($74.55 billion) trade deficit in August, the second highest level on record.
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The annual US trade deficit rises to a  record $763.6bn, hit by higher oil prices and surging Chinese imports.
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The U.S. trade deficit grew 2.3 percent in May, pushed up by higher oil prices, but the year-to-date gap remains lower than in 2006.
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The grim plight of the US dollar has been highlighted by news that the US economy notched up another record trade deficit in October.
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Record oil prices widened the United States trade deficit in November as the cost of imported petroleum outpaced a modest rise in exports.
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America's trade deficit rose to its second highest level of the year, reflecting higher prices for foreign oil and a continued appetite for Chinese goods despite this year's recalls of tainted products.
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America's trade deficit swelled to a record high of $55.5 billion in October as imports -- including those from China -- surged to the loftiest levels ever. Skyrocketing crude oil prices also contributed to the yawning trade gap.
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WASHINGTON -- The U.S. trade deficit set a fifth consecutive annual record in 2006, reflecting a huge jump in America's foreign oil bill and an all-time high for the trade gap with China. The year ended with the December deficit increasing more than had been expected.
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A record US trade deficit is rekindling the globalization debate.
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CANBERRA : Near record high imports increased Australia&#39;s trade deficit by 10.5 percent in September, according to new data, which analysts say raises the prospects for an early rise in interest rates.
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The U.S. trade deficit widened more than expected in December and grew 6.5 percent during all of 2006 to a record $763.6 billion, a U.S. Commerce Department report showed on Tuesday.
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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, the government  said on Tuesday, while a second report showed industrial output  rose in November, as expected.
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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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The U.S. trade deficit narrowed slightly in July as exports continued to grow this year at a stronger pace than imports, even though both categories set records, a Commerce Department report showed on Tuesday.
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The U.S. trade deficit in November surged to the highest level in 14 months, reflecting record imports of foreign oil. The deficit with China declined slightly while the weak dollar boosted exports to another record high.
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The trade deficit hit another record high in October, with imports outpacing exports by $55.46 billion. The 9 percent increase from September was higher than expected