Trade Deficit Swells to Record $55B
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America&#39;s trade deficit swelled to an all-time high of $55.5 billion in October as imports -- including those from China -- surged to the loftiest levels on record.
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The U.S. trade deficit soared to a record of &#36;617.7 billion last year as Americans' appetite for all things foreign, from crude oil to cars, hit all-time highs. The United States even rang up a deficit in farm goods as imports of wine, cheese and other food products hit a record.
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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 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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WASHINGTON -- The U.S. trade deficit hit a record $68 billion in July as surging global oil prices pushed America's foreign oil bill to the highest level in history.
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The U.S. 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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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, 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 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 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 current account deficit of the United States hit a record high of 164.7 billion US dollars in the third quarter of this year as a result of increasing demand for imported
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The U.S. trade deficit widened much   more than expected in July to a record $68 billion dollars as   record oil prices pushed America's monthly oil import bill to   an all time high, a government report showed on Tuesday.
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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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US trade deficit soared to an all-time high of 55.5 billion US dollars in October compared with 50.9 billion dollars the previous month, the US Commerce Department reported Tuesday.
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The monthly U.S. trade deficit soared to an all-time high of $60.3 billion in November, sending the dollar tumbling and raising new worries about whether the U.S. economy has become too dependent on borrowing from foreigners.
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The US trade deficit boomed to 54 billion dollars in August, the second biggest in history, as the country was swamped by high-priced oil and Chinese-made imports.
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The $60.3 billion deficit for November reflected record levels for imports of everything from oil and consumer goods to farm products, the government reported.