US trade deficit jumps on eve of Xi visit
- Published: 10 Feb 2012 at 22.32
- Online news:
On the eve of a visit by China's vice president and heir-apparent, the Commerce Department reported Friday that the US trade deficit widened to a six month high, thanks in large part to imports from China.
A cargo ship loads up in Baltimore harbor in 2010. The US trade deficit widened to a six month high of $48.8 billion in December, the Commerce Department reported.
Official data showed that the deficit deepened to $48.8 billion in December, the most since June 2011, as President Barack Obama prepared to welcome Xi Jinping, widely tipped as China's next president, in Washington next week.
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