China, Katrina Jack Trade Deficit; Gap Sets Record for 4th Year in a Row at $725.2 Billion

Summary


WASHINGTON (AP) - American appetites for all things foreign, from oil to cars to clothing, pushed the trade deficit to yet another record in 2005.

And the year's $201.6 billion deficit with China, the largest ever recorded with a single country, brought demands for a crackdown on what the U.S. sees as unfair trade practices.

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Extract


China, Katrina Jack Trade Deficit; Gap Sets Record for 4th Year in a Row at $725.2 Billion

The Commerce Department reported Friday that the overall trade gap c...

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