US TRADE DEFICIT HITS HIGHEST LEVEL IN MONTHS - 1 views
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Andrzej Z on 14 Nov 13It is an article related to the balance of payments topic. This article reports the situation of the US current account. The US current account is facing a deficit because they country is importing more than they export. The US needs many imported products and commodities to meet the consumers demand. This demand for products and commodities from foreign countries (especially oil) has been rising for the last 20 years and so has the US current account deficit.