From the FINANCIAL TIMES:
The US trade gap grew to its highest level in more than a year in March, as rising consumer demand and higher oil prices fuelled imports, official figures showed on Wednesday.
The trade deficit grew by 2.5 per cent to $40.4 bn in March, according to the commerce department. That was in line with projections of Wall Street analysts and was the largest gap since December 2008.
America’s trade shortfall has grown by 40 per cent in the past year as trade volumes have accelerated and the global economy has emerged from its recession. In March, trade volumes rose to their highest levels since October 2008…
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