Oil Imports Push U.S. Trade Deficit to 14-Month High
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The deficit jumped by 9.3 percent, to $63.1 billion,  the government said, reflecting record oil imports. The deficit with China declined while the weak dollar lifted exports to a record high.
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The US trade deficit widened to a new high of $55.5 billion in October, boosted by high oil prices and record imports from China as retailers geared up for Christmas.
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The U.S. trade deficit surged to an all-time record of $764 billion in 2006, the Commerce Department said today, as high oil prices increased the nation's import bill and as American consumers continued loading up on products churned out in factories from China to Mexico.
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The trade deficit jumped in November to its highest level in 14 months as surging oil prices overpowered a ninth consecutive month of record exports, the Commerce Department said on Friday.
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America's trade deficit soared to an all-time high of &#36;60.3 billion in November, reflecting record levels for imports of everything from oil and consumer goods to farm products, the government reported Wednesday.
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WASHINGTON -- Helped by a record plunge in oil prices, America's trade deficit dropped dramatically in October, falling to the lowest level in 14 months.
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The United States has recorded its second biggest trade deficit in history, fuelled by high oil prices and imports from China. The deficit grew six-point-nine percent in August to 54 billion US dollars...several billion more than predicted by analysts.
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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 trade shot up to an all-time high in the summer, reflecting the huge jump in the country's foreign oil bill.
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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 gap widened in May as  higher oil prices and a rising tide of Chinese goods pushed  imports to a record, overshadowing a strong export performance,  a government report showed on Thursday.
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Record oil import prices and strong   demand for foreign goods ranging from cars to computers helped   pushed the U.S. trade deficit to a record $68 billion in July,   a government report showed on Tuesday.
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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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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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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 US trade deficit widens to fresh record levels after higher oil prices raise the cost of imports.
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The politically sensitive U.S. trade deficit widened more than expected 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.