'Expensive US products led to deeper trade deficit'
Expensive US products have led to a deeper trade deficit as recently announced by the US government, said Rollin Amore, Executive Director of Investments Oppenheimmer & Co. Inc. Saturday.
The US trade deficit rose to the highest level in 16 months as exports fell for the second time in three months, a potentially worrisome sign that Europe's debt troubles are beginning to crimp American manufacturers.