For a country trying to export itself to prosperity, we seem to have the trend wrong. The trade deficit for January 2011 increased by $6 billion as imports outpaced the growth of export at a faster rate than in prior months. This will have a negative impact on Q1 2011 GDP forecasts. Although well off its 2005-07 highs, the trade deficit is nearly 50% greater than it was just a year ago. Additionally China reported their first trade deficit in seven years which begs the question who will be the source of increased US export growth?
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