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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (52478)	3/18/1999 1:18:00 PM
From: Kailash	Read Replies (4) of 132070

WASHINGTON, March 18 (Reuters) - The U.S. trade deficit soared unexpectedly to a record $16.99 billion in January from $14.06 in December as exports fell and import rose, the Commerce Department said on Thursday. The January gap in goods and services trade was much higher than the $14.9 billion Wall Street analysts said they were looking for and was fueled by a record deficit in trade in manufactured goods and a surge in the trade deficit with China. The Commerce Department said a $23.42 billion deficit in merchandise trade was the highest on record as imports of computers and other capital good rose along with consumer goods and exports of industrial materials and farm goods fell. biz.yahoo.com

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