not have seen THIS one incoming...
Tis Summer, when the toys are bought, and later delivered, for our Christmas pleasure(s)...
And, all those cheap EURO cars and goodies were delivered to U.S. as we ask them to.
Imports poured in from all across the globe
Imports from the European Union and Germany were the highest since October 2008
South Korea and Taiwan hit the highest since July 2008
with United Kingdom were the highest since October 2009
The deficit with Mexico was the highest since May 2008
with the European Union was the highest since July 2009
The U.S. trade deficit with China widened to $26.2 billion in June
up from both $18.4 billion in the same month last year and $22.3 billion in May.
It was the highest deficit since October 2008.
exports of goods alone slipped 2.2% to $105 billion
with exports of farm products at the lowest since September 2009
Some will blame everything on China, tis not close to the truth, but who cares.
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U.S. Trade Gap Swells in June as Exports Fall
http://www.theatlantic.com/business/archive/2010/08/us-trade-gap-swells-in-june-as-exports-fall/61297/
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Trade gap widens sharply in June amid appetite for imports
U.S. deficit of $49.9 billion comes in highest since October 2008; exports decline
http://www.marketwatch.com/
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