Still No Obama "Change" Reflected in Trade Gap

NYTIMES July 13, 2010 | America’s trade deficit widened unexpectedly in May, led by a jump in imports from China that helped overpower the best month for exports since September 2008, a government report showed on Tuesday.

The trade gap widened 4.8 percent to $42.3 billion, the largest since November 2008, defying a consensus Wall Street forecast for it to narrow in May to $39.0 billion.

Imports rose 2.9 percent to the highest since October 2008, led by a 12.1 percent increase in shipments from China and stronger American demand for consumer goods, autos and capital goods.
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