PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: MKTBUZZ who started this subject	8/22/2002 6:11:11 PM
From: Baldur Fjvlnisson	of 769670

Trade Deficit Remains Near Record washingtonpost.com By Martin Crutsinger AP Economics Writer Tuesday, August 20, 2002; 8:35 AM WASHINGTON –– The U.S. trade deficit narrowed only slightly in June to $37.2 billion, still the second biggest deficit on record, as an improving economy pushed demand for imports to the highest level in 15 months. The Commerce Department reported that the June imbalance between what America sells abroad and what the country imports was down a tiny 1.8 percent from the record high of $37.8 billion set in May. Even with the small improvement, the trade deficit for the entire year is running at an annual rate of $412 billion, which would be a new record if current trends hold.

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