US trade deficit soars 33% in 2010 as China imports hit record level

Friday, February 11th 2011 - 21:20 UTC

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The US trade deficit widened in December to its highest level in four months, the US government said in a report that also showed the annual trade gap expanded nearly 33% in 2010 as imports from China hit record levels. Read full article

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NicoDin
This is really bad isn't it?
Feb 13th, 2011 - 05:37 am - Link - Report abuse 0
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Zethee
Quite the opposite. The bad being the rise in oil prices. The good being US exports growing rapidly and US consumers wanting more imported goods is a sign of the economy recovering.
Feb 13th, 2011 - 10:13 am - Link - Report abuse 0
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