Trade Deficit Sets Record for 5th Year
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WASHINGTON -- The deficit in the broadest measure of trade set a record for the fifth consecutive year even though the imbalance in the final three months of 2006 shrank, reflecting a lower foreign oil bill.
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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
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The trade gap totaled $19.5 billion as foreign demand for exports stayed strong despite worries about slowing global growth, the government news agency reported.
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The United States hit a record deficit of $166.2 billion last quarter in trade and capital flows with the rest of the world.
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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.
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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 dollar traded within half a yen of  five-year lows against the yen but stabilized against the euro  on Thursday, after a record U.S. trade deficit underscored  structural weaknesses in the world's largest economy.
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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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The US trade deficit narrowed more than expected in July, but still was the second highest on record at $50.1 billion even though imports dropped for the first time in 10 months and exports leapt higher, the US government said on
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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 trade in goods deficit increased to 5.22 billion pounds (7.56 billion euros, 9.37 billion dollars) in August from a revised 4.97 billion in July.
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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 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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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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WASHINGTON -- 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 yesterday. America's trade gap with China hit a record high as retailers stocked up on cellphones, toys, and televisions in preparation for Christmas sales.
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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 US trade deficit has exploded 19% to a record $55.8bn as oil costs drove imports higher, according to a latest figures.