The U.S. trade deficit widened a surprising 18.8 percent in June on a surge of consumer goods from China and other suppliers, while U.S. exports fell, a government report showed on Wednesday.
The monthly trade gap totaled $49.9 billion, the highest since October 2008. The deficit was wider than any of the 67 Wall Street forecasts collected before the report.
Wednesday, August 11, 2010
More terrific news in Obamaland.
Posted by traderrob at 5:48 AM