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NewsFlash: February 13, 2007

US Trade Deficit -What goes up, but not down?

The U.S. trade deficit in goods and services hit a new record high in 2006, according to a release of data from the U.S. Department of Commerce today.   The International Picture , by EPI economist Robert Scott, illustrates with a graph, that the bulk of the U.S. trade deficit is composed of mainly imports of petroleum products and goods from China.

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