U.S. trade gap grows to $48.7B as imports surge

By: Associated Press - Texarkana Gazette

Associated Press • In this Nov. 13, 2012, photo, the container ship HS Bach is shown docked at the Port of Miami. The U.S. trade deficit expanded in November to its widest point in seven months, driven by a surge in imports that outpaced modest growth in exports.

WASHINGTON—The U.S. trade deficit expanded in November to its widest point in seven months, driven by a surge in imports that outpaced only modest growth in exports.

The Commerce Department report Friday suggests trade will drag on economic growth in the October-December quarter...

Published: 01/13/2013