Wednesday, July 14, 2010

US trade deficit widens to $42.3 billion in May, largest gap in 18 months, as imports rise

[mEDITate-OR:
see the trade deficit continue to climb back up....

What we are seeing, for U.S. and Canada, China & Germany is that both exports and imports are expanding. For some like Canada, China & Germany that means their surplus with U.S. expanded. What we are NOT seeing is a collapse of foreign trade.

What is somewhat unexpected is that China's exports to Europe did not collapse, and neither did those from U.S., as a result of the decline in the EURO. If there is an explanation, it must be interesting.
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US trade deficit widens to $42.3 billion in May
largest gap in 18 months, as imports rise
http://ca.news.yahoo.com/s/capress/100713/business/us_economy_1
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Trade Gap in U.S. Unexpectedly
Widened in May to $42.3 Billion
http://www.washingtonpost.com/wp-dyn/content/article/2010/07/13/AR2010071301900.html
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US monthly deficit increased to $42.3bn in May
http://www.finfacts.ie/irishfinancenews/article_1020133.shtml
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US trade deficit threatens double dip and depression
http://www.finfacts.ie/irishfinancenews/article_1020118.shtml
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