With sharp decline in oil prices, you’d expect our trade deficit to shrink. Nope.
Our trade gap increased by 1.1 percent to $57.2 billion in November. Interestingly, imports from China increased 2.8% to $34.0 billion
That tells me that the domestic U.S. companies are suffering the most from the recession and that means some very ugly profit reports down the road.
Related Posts
- U.S. Trade deficit jumps (09/11/08)
- Japan posts a rare trade deficit (09/24/08)
- China trade surplus continues to balloon (10/13/08)
- Trade war with China? (06/23/09)
- Chinese Trade Surplus Soars (04/10/08)
