Trade deficit swells
Wednesday, May 12, 2004 | 8:50 a.m.
WASHINGTON -- The trade deficit swelled to an all-time high of $46 billion in March as a stronger U.S. economy stoked Americans' appetite for foreign-made cars, TVs and other goods.
Although imports grew faster than exports, sales of U.S. goods and services to other countries also climbed in March, to their highest level on record.
The trade gap reported by the Commerce Department today was 9.1 percent bigger than the $42.1 billion deficit posted in February.
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