Trade Deficit Grows, Despite Record Decline in Oil Prices
Dec 12th, 2008 | By Jason Simpkins | Category: Financial NewsThe U.S. trade deficit grew in October as both the volume of oil exports and our trade deficit with China surged to a record highs. A widening deficit means the United States will not be able to rely on trade to help pull the economy out of what may be the longest recession in the post-World War II era.