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U S loses edge in trade as deficit hits record
The Commerce Department reports a trade deficit above 48 billion dollars in April, with surging imports and a shrinking high tech and services surplus. Analysts warn America is ceding leadership in technology and services while relying more on foreign capital to fund the imbalance. Lou Dobbs notes and commentary conclude the United States is losing its competitive advantage.
MENTIONED IN THIS ARTICLE
U.S
Commerce Department
United States
Charles McMillion
MBG Information Services
Washington, D.C
China
Dean Baker
Center For Economic and Policy Research
India
North America
Ernest Preeg
The
Manufacturers Alliance
Arlington
America