OrlandoMary
Good for America?! NAFTA, FTA, GATT, WTO
Fri Apr 15, 2005 14:14
64.140.158.242

 

"At its current pace, the deficit will top $717-billion this year, up a remarkable $100-billion from last year's record."

GLOBEANDMAIL.com

U.S. trade deficit swells again, on pace to hit $717-billion
By BARRIE MCKENNA

Wednesday, April 13, 2005 Page B1

WASHINGTON -- Another record monthly U.S. trade deficit is likely to slow the world's largest economy and heighten tensions with key trading partners, economists warn.

The U.S. trade gap surprised many analysts by growing another $2.5-billion (U.S.) to $61-billion, or 4.3 per cent between January and February, the U.S. Commerce Department reported yesterday.

Imports also hit a new high of $161.5-billion, up 1.6 per cent, paced by rising purchases of crude oil, cars, pharmaceuticals and various consumer and industrial products.

Exports were flat because of the U.S. dollar's recent climb and slow growth in key markets, such as Japan and Europe. [more]

http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20050413/IBDEFICIT13/TPBusiness/International


OrlandoMary
www.maryschneider.us

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