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Trade deficit for 1987 June hits record levels
The first half of 1987 shows a trade gap at an annual rate of 163.9 billion dollars. Officials including Robert Ortner and Marlin Fitewater warn the deficit is large and disappointing while the dollar's strength and a weaker euro impact expectations. The report notes revisions to calculations, June exports rise modestly, imports surge led by manufactured goods and petroleum, and Japan remains the largest single-country deficit at 8.35 billion in June.
MENTIONED IN THIS ARTICLE
Robert Ortner
Santa Barbara
Calif
Reagan
White House
Marlin Fitewater
Congress
House-Senate
Senate
Robert Byrd
D-W.va
Byrd
Tony Coelho
California
House
Oliner
Canada
U.S
Chimerine
Michael Evans
Commerce Department