Tuesday, April 13, 2010
U.S. Economy: Trade Gap Widens More Than Anticipated on Imports
This article provides information on the increased trade deficit in February. There was a 7.4 increase in the gap which translates to a $39.7 billion deficit which is up from $37 billion in the previous month. This article describes how Americans widening the gap between exports and imports by buying up foreign made products.
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It is encouraging news that U.S. companies, such as GE Co. and Dow Chemical Co., are benefiting from rising surpluses with emerging economies in Asia and Latin America. The U.S. economy will greatly benefit from reducing their trade deficit and move towards a trade surplus. However, the U.S. has been running a trade deficit for many years now.
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