INQUIRER.net: US trade gap grows as consumers snap up imports

INQUIRER.net Philippine News for Filipinos

US trade gap grows as consumers snap up imports Jun 5th 2013, 01:22 WASHINGTON—The US trade deficit grew in April as consumers snapped up imported goods such as cellphones, televisions and clothing, official data showed Tuesday.   The trade gap widened to $40.3 billion in April from a downwardly revised $37.1 billion in March, the Commerce Department said.   A surge in imports, up 2.4 percent from the prior month at $227.7 billion, was twice as strong as the rise in exports to $187.4 billion.   Still, the trend of a narrowing deficit remained intact as the global economy slows under the impact of recession in Europe.   The shortfall "remains within the range of the declining trend since early 2012, when i... Keep on reading: US trade gap grows as consumers snap up imports Media files: trade-deficit.jpg (image/jpeg)

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