Monthly U.S. trade deficit with China hits new record.
Posted by scapozzola on 12/11/2012
The latest monthly U.S. trade figures were released this morning by the Department of Commerce:
- The monthly U.S. international trade deficit in goods and services rose to $42.2 billion in October, up from $40.3 billion in September.
- The goods deficit with China continued its rapid ascent, rising to $29.5 billion in October, up from $29.1 billion in September. This is the largest single monthly goods deficit with China in U.S. history
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