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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
May 28, 1971
Page
5
Washington reports April imports at 2.1 trillion? and exports at 3.5 trillion? The Commerce Department notes a first monthly balance of trade deficit in over two years amid calls for new protectionism as imports surge and exports remain weak.
The report outlines a 1971 trade deficit near 214.7 million and a slower export pace. Officials credit rising metal imports and aircraft shipments while noting a fragile balance of payments with early-year surpluses shrinking.
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