In today's edition of Top Business News brought to you by Quixtar's Brad Duncan I'm putting the spotlight on the U.S. trade deficit that declined to a four-month low, even though imports from China hit an all-time high. Demands for Chinese goods has remained strong despite recalls of unsafe products this year.
"The trade deficit dropped to $58.1 billion in June, a 1.7 percent decline from May level, the Commerce Department reported."
"It was a bigger improvement than had been expected and left the deficit at its lowest level since February. So far this year, the deficit is running at an annual rate of $705.5 billion, 7 percent lower than last year's record deficit of $758.5 billion."
To read more from this article, click on U.S. trade deficit falls to 4-month low. Or to read about other business news of the day, click on Brad Duncan's Top Business News.
Brad Duncan is a Quixtar IBO and member of the official trade association of Amway/Quixtar Independent Business Owners. "The official Trade Association, IBOAI is dedicated to serving and protecting the interests of Quixtar-powered Independent Business Owners (IBOs) throughout North America. Governed by a Board of Directors, the IBOAI:
• Protects the best interests of IBOs and serves as an advocate in IBO issues.
• Promotes and protects the integrity of the Independent Business Ownership Plan.
• Ensures that the business opportunity today is as good or better for future generations.
• Acts as an advisory group to Quixtar Inc. and Quixtar Canada Corp.
© 2007 Brad Duncan, Brad Duncan's Top Business News.
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Brad Duncan's Top Business News: U.S. Trade Deficit Falls to 4-Month Low
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on Tue 14 Aug 2007 02:35 PM PDT | Permanent Link
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