Trade Gap Widens, White House Blames Oil
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The US trade gap widened nearly 9 percent in October to a record $55.5 billion as sky-high oil prices helped propel imports into new territory, while industrial output rose as expected in November.
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Rising oil prices increased the U.S. trade gap in July to a record high, the government reported Tuesday, as the deficit between imports and exports soared above forecasts.
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The U.S. trade deficit, propelled by a record foreign oil bill, surged to &#36;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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America's trade deficit swelled to a record high of $55.5 billion in October as imports -- including those from China -- surged to the loftiest levels ever. Skyrocketing crude oil prices also contributed to the yawning trade gap.
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Britain&#39;s international trade gap widened in July as it ran up a monthly deficit on its oil balance for the first time in more than a decade,official figures showed Thursday.
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WASHINGTON - 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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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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The US trade deficit widens to fresh record levels after higher oil prices raise the cost of imports.
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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 U.S. exports, the government reported Thursday. America's trade gap with China hit an all-time high as retailers stocked up on cell phones, toys and televisions in preparation for Christmas sales.
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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 huge U.S. current account  deficit widened in the third quarter to a record $225.6  billion, as gushing oil prices and strong demand for Chinese  and other foreign goods pushed imports higher, a U.S. Commerce  Department report showed on Monday.
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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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The US economy slowed even more than first thought in the second quarter, as pricey imported oil widened the trade gap. The Commerce Department cut its estimate yesterday of second-quarter
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THE US trade deficit widened in August to its second-highest level on record, fuelled by the highest oil import prices in 23 years and record imports from China.
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The U.S. trade gap widened nearly 9  percent in October to a record $55.5 billion as sky-high oil  prices helped propel imports into new territory, while  industrial output rose as expected in November.
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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 gap narrowed slightly  in June as exports boomed, but surging oil prices and rising  imports from China still kept the deficit on track for a record  this year, a U.S. Commerce Department report showed on  Thursday.