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May 21, 2012
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US trade gap swells on record imports
Agence France-Presse via IndustryWeek
The U.S. trade deficit rose sharply in March as imports hit an all-time high, suggesting solid demand in the steadily growing but modest economic recovery, official data showed. The Commerce Department reported the U.S. trade gap widened to $51.8 billion in March, led by a 5 percent surge in imports. The March trade shortfall was slightly bigger than analysts' average estimate of $50.2 billion.More

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