Dr. Peter Morici: Recession pushed down US trade deficit, rebound coming
Apr 12th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
On Thursday, the US Commerce Department reported the February trade deficit was $30.0 billion. This was down from $36.2 billion in January, largely because the recession reduced imports of oil, cars and consumer goods, and the Chinese New Year usually curbs February imports from the Middle Kingdom.