With sharp decline in oil prices, you’d expect our trade deficit to shrink. Nope.
Our trade gapincreased by 1.1 percent to $57.2 billion in November. Interestingly, imports from China increased 2.8% to $34.0 billion
That tells me that the domestic U.S. companies are suffering the most from the recession and that means some very uglyprofit reports down the road.
