Oil imports hike US trade deficit
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The US trade deficit rises to $60bn in May, fuelled by increased demand for foreign oil and cheap Chinese goods.
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The U.S. trade deficit hit an all-time high of &#36;60.3 billion in November as American appetites for foreign oil and even imported food reached record levels.
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The trade deficit jumped to the second-highest level in history as surging demand for foreign oil swamped a small gain in US exports, the government reported Thursday.
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The U.S. trade deficit widened unexpectedly in November to a record &#36;60.3 billion, propelled by the highest-ever oil import bill and a drop in exports, a government report showed on Wednesday.
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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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WASHINGTON -- The U.S. trade deficit in November rose to the highest level in 14 months, reflecting record foreign crude oil prices. The deficit with China declined slightly while the weak dollar boosted exports to another record high.
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The U.S. trade deficit widened  unexpectedly in November to a record $60.3 billion, propelled  by the highest-ever oil import bill and a drop in exports, a  government report showed on Wednesday.
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America's trade deficit rose to its second-highest level of the year as the price of imported crude oil jumped and demand for Chinese products remained strong despite recalls of tainted products.
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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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Australia&#39;s trade deficit widened in September as imports of cars, food and appliances increased and record oil prices pushed up the nation&#39;s energy bill.
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A record US trade deficit is rekindling the globalization debate.
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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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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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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.
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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&#39;s trade deficit grew to an all-time high of $55.5 billion in October as imports - including those from China - increased to the loftiest levels on record.