US annual trade deficit hits record $418bn

The US trade deficit set a new record today coming in at $489.4bn (€382bn) for 2003, up 17.1% from the previous record of $418bn (€326bn) set in 2002.

US annual trade deficit hits record $418bn
Fri, 13 Feb, 2004 - 16:14

The US trade deficit set a new record today coming in at $489.4bn (€382bn) for 2003, up 17.1% from the previous record of $418bn (€326bn) set in 2002.

Figures released today from the Commerce Department showed that the US trade deficit with China accounted for a quarter of the deficit.

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