WASHINGTON — The U.S. trade deficit rose in March for the first time since last July as the global recession cut sharply into sales of American exports. The politically sensitive deficit with China increased. The Commerce Department said Tuesday the deficit widened to $27.6 billion in March, slightly lower than the $29 billion gap that economists had forecast. The March deficit was 5.5 percent higher than February's revised $26.1 billion trade gap, which had been the smallest since November 1999.
Trade Deficit Widens In March To $27.6 Billion
The Huffington Post News Editors, Huffington Post
Tue, 05/12/2009 - 8:59am
Topics: the u.s the commerce november boeing co caterpillar inc august sales september congress the obama bush washington national association realtors home nevada california arizona florida virginia minnesota u.s there washington the march america american china department february u.s imports january u.s the april billion trade deficit year percent job recession fell level exports global million lowest goods economists gap prices rose continue states tuesday cut hit rate openings jobs median nationwide declined recovery begins demand earlier months expect remain quarter foreclosures unemployment manufacturing expected administration export foreign fall market reports reported politically dropped downturn declines led largest price capital hiring slump layoffs compared sensitive country labor added
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