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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: borb who wrote (1786)	3/18/1999 8:58:00 AM
From: fut_trade	Respond to of 3902

U.S. January trade deficit hits record $16.99 billion 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. ---- This is weird. The US is making a big deal out of steel imports from Japan, which are actually declining -- and the main trade deficit problem is not with Japan, but with China. Something is fishy. I am still comfused over that banana trade issue with the E.U. "banana wars" from a few weeks ago.