U.S. Trade Gap: Hits Six Year Low as Economic Slump Continues
March 16, 2009 at 10:08 AM EDT
The U.S. trade deficit narrowed for a record sixth consecutive month in January to the lowest level in six years as imports and exports both slumped on weak domestic demand, government data showed on Friday. Weak American demand for everything from oil to automobiles led to shrinking imports, which fell faster…