Independent journal on economy and transport policy
19:13 GMT+2
New record US trade deficit
(BBC News)
April 19, 2000
The US trade deficit hit a record $29.2bn in February as oil import prices rose to their highest level since the Kuwaiti oil crisis more than nine years ago.
The trade deficit rose 6.5% from January's $27.4bn as imports of crude petroleum rose to a record $6.5bn, the Commerce Department said.
The reason for the deficit is the booming US economy, which has ...... Read more on BBC News
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