View full page at energyexch.com

 

U.S. trade deficit surges to record; shortfall with China keeps rising

From cnbc.com

The U.S. trade deficit hit a fresh record high in March as consumers flush with government cash spurred a continuing demand for foreign-made goods. With a new round of $1,400 stimulus checks pouring in and the domestic economy continuing to show substantial improvement, the imbalance in goods and services with the rest of the world swelled to $74.4 billion, the Commerce Department reported Tuesday. That’s the highest level ever in a data series that goes back to January 1992, and represents a 57.6% increase from the same period a year ago and higher than the $70.5 billion in February. The trade imbalance with China ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis