U.S. Trade Deficit Hits All-Time High
For the fourth year in a row the American trade deficit has hit an all time high with numbers reaching $725.8 billion for 2005, a 17.5% increase over the 2004 deficit. This increase in the deficit is attributed to record numbers of oil, food, cars, and other consumer good imports. In addition, deficits to China, Japan, Europe, OPEC, Canada, Mexico, and South and Central America also reached all-time highs. For complete story details go to Reuters.