Trade deficit rises to highest in 16 months
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.
The overall trade deficit rose to $2.099 billion in July-November period of fiscal 2007-08, from $1.162 billion during the corresponding period of the previous fiscal registering an increase of 80.64 per cent.