Trade Deficit Pushed to Near-Record Level
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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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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 U S trade deficit set a record for a fifth straight year, and the imbalance with China soared to an all-time high as well.
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WASHINGTON  - The US trade gap unexpectedly shot to a record 55.5 billion dollars in October as Americans sucked in more imports, particularly from China, and oil prices sizzled.
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The US trade gap shrank by a sharper than expected 3.7% in September as exports rose to a record high, despite a new record deficit with China.
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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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The U.S. current account trade gap  widened to a record $164.71 billion in the third quarter, data  showed on Thursday. The deficit, the broadest measure of U.S.  trade, was not as great as feared, spurring a dollar rally.
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The U.S. trade deficit widened   sharply in July to a record $68 billion, as oil import prices,   and demand for foreign goods and services rose to new highs, a   government report showed on Tuesday.
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a deficit of $54 billion -- represented a 6.9 percent widening from July&#39;s trade gap of $50.5 billion. The bad news on trade is likely
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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 U.S. trade deficit narrowed in December but was still the second-highest monthly figure ever. And that lifted the deficit for 2004 to $617.7 billion -- an all-time high that shattered the previous record, set in 2003, by 24 percent.
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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 hit a fifth  straight annual record in 2006, driven by a record oil import  bill and a flood of goods from China, a government report  showed on Tuesday.
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WASHINGTON - The US trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, second highest level in history.
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The UK's current account deficit, a key economic indicator, widens to a record level, official data shows.
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The U.S. trade deficit soared to a record of $617.7 billion last year as Americans' appetite for all things foreign from crude oil to imported cars hit all-time highs.
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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.