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March 11th, 2005, 08:00 AM
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Trade Deficit Hits 2nd Highest Level Ever (AP)
AP - The U.S. trade deficit climbed to $58.3 billion in January, the second-highest level in history, as Americans' appetite for foreign consumer products and automobiles hit record highs. The deficit with China was pushed higher by a surge in textile shipments, reflecting the end of global quotas.
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