Source AP ©

USA's trade deficit rises to second highest level this year

America's trade deficit rose to the second highest level this year, reflecting higher prices for foreign oil and a continued appetite for Chinese products despite this year's recalls of tainted products.

The Commerce Department reported that the deficit for May rose to $60.04 billion (EUR 43.55 billion), up by 2.3 percent from the April level. Most of the increase reflected a big jump in energy imports, which climbed to the highest level in nine months.

The deficit with China rose to $20.02 billion (EUR 14.5 billion), the biggest imbalance in four months. So far this year, the deficit with China is running 17.2 percent ahead of the pace set last year when the overall deficit soared to an all-time high of $233 billion.

Comments
Russian opposition activists desperately urge the West to topple President Putin
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
The Netherlands and Australia officially accuse Russia of downing MH17 over Donbass
World leaders unite with Russia at St. Petersburg International Economic Forum
Blame MH17 on Russia: International investigation turns into demonic circus
The Royal Wedding and the Silly Season
Skripals fall under heavy British pressure
World leaders unite with Russia at St. Petersburg International Economic Forum
Blame MH17 on Russia: International investigation turns into demonic circus
World leaders unite with Russia at St. Petersburg International Economic Forum
Skripals fall under heavy British pressure
Russian spy Sergei Skripal recovers from chemical poisoning completely
The Netherlands and Australia officially accuse Russia of downing MH17 over Donbass
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
World leaders unite with Russia at St. Petersburg International Economic Forum
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Beautiful and terrifying: Russia shows video of Bulava ICBM underwater salvo launch
London will beg Moscow for forgiveness