American exports grew in August, but imports grew even more, the Commerce Department said. The result was a US$10.4 billion trade deficit. Of note, the ever-widening imbalance with China: A record $5.2 billion imported - explained by a surge in toys and Christmas decorations - and only $900 million exported. Commerce's Daley blamed those figures on trade barriers, a topic that will get big play next week when Jiang and Clinton meet in Washington.
Trade Gap
American exports grew in August, but imports grew even more, the Commerce Department said. The result was a US$10.4 billion trade deficit. Of note, the ever-widening imbalance with China: A record $5.2 billion imported - explained by a surge in toys and Christmas decorations - and only $900 million exported. Commerce's Daley blamed those figures on trade barriers, a topic that will get big play next week when Jiang and Clinton meet in Washington.
