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US trade deficit jumps to 62.3 billion dollars
Published: Thursday April 10, 2008

The US trade deficit rose to 62.3 billion dollars in February from 59 billion a month earlier, as imports surged despite a weak dollar, the Commerce Department said Thursday.

The report, which has strong implications for the dollar, showed a deficit worse than the 57.4 billion dollars expected by Wall Street analysts and was the biggest since last November.

The rise in the deficit comes from a jump in imports stronger than the increase in exports.

In one bright spot, the politically sensitive deficit with China fell 9.6 percent to 18.4 billion dollars, the lowest since March 2007.

The petroleum deficit meanwhile fell to 32.5 billion dollars after eight months of increases.



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