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StumbleTrade deficit tops records
Wednesday, March 10, 2004 | 11:18 a.m.
WASHINGTON -- The U.S. trade deficit widened to a record $43.1 billion in January as meat exports plunged after the discovery of mad cow disease. The price of oil imports rose to the highest since the start of the Iraq war last March.
January's trade gap compared with a deficit of $42.7 billion in December, the Commerce Department said in Washington today. Exports declined 1.2 percent, the biggest drop since August.
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