Reply #6: U.S. trade gap in June widens to record $55.8 bln

[UpInArms]

http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38212.3544675926-817496368&siteID=mktw&scid=0&doctype=806&property=&value=&categories=&

U.S. trade gap in June widens to record $55.8 bln By Greg Robb
WASHINGTON (CBS.MW) -- The U.S. trade deficit widened by 19.1 percent in June to a record $55.8 billion, the Commerce Department said. The trade deficit was well above the consensus forecast of Wall Street economists of a deficit of $46.9 billion. This is the largest one-month widening of the trade gap since February 1999. Imports of goods and services rose in June while exports declined. Imports rose 3.3 percent to a record $148.6 billion. Exports fell 4.3 percent to $92.8 billion. The U.S. trade deficit with China widened to a record $14.2 billion in June. The U.S. also set record deficits with Mexico, Canada, OPEC and the South/Central American region in June.