US annual trade deficit narrows (BBC)

[eppur_se_muova]

The US trade deficit narrowed in 2007, official figures show, as a rise in exports offset the country's large growth in oil imports.

The deficit reached $711.6bn (£361.1bn) last year, down from $758.5bn in 2006, the Commerce Department said.

Strong demand for oil from overseas had seen the trade gap set records for five consecutive years.

December's trade deficit fell to $58.8bn from $63.1bn in November - a bigger decline than expected.

China gap widens

The decline in the dollar helped to spur exports, analysts said, as this made US products cheaper abroad and therefore more competitive.
***
more: http://news.bbc.co.uk/2/hi/business/7244993.stm

Well "official" figures are the most trustworthy ones, right?

How lucky for us the dollar is going down!:sarcasm:

[nightrider767]

1. Wonderful trend

It'll get to the point of Europeans coming over and us wheeling them around town in rick-shaws to put food on the table.

"No that's a fine fellow! Thanks for the "wheelees" boy! Here's a shilling for your trouble! Now piss off while we go shopping!".

The late great America.