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Trade deficit widens as exports fall in April
The Commerce Department reports a 0.6 percent rise in the April trade deficit to 40.3 billion dollars while exports drop 0.6 percent and imports ease 0.4 percent. Europe’s debt crisis and a stronger dollar threaten U.S. exports, with a 14.3 percent jump in the China deficit to 19.3 billion amid a 9.4 percent drop in exports to China.
MENTIONED IN THIS ARTICLE
Washington
U.S
Europe
Commerce Department
Greece
Canada
Sal Guatieri
BMO Capital Markets
America
Nigel Gault
IHS Global Insight
Gault
United States
China
Congress
Beijing
Los Angeles
San Pedro