Trade

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US exports rise cut trade deficit
(AFP via Yahoo! News - Jul 11, 2008)

The US trade deficit declined in May to 59.8 billion as exports rose to a new record, the Commerce Department reported Friday in a modest piece of positive news for an ailing economy.

news.yahoo.com/s/afp/20080711/bs_afp/useconomytrade_08071114...

Canada's May Trade Surplus Widens More Than Expected (Update1)
(Bloomberg.com - Jul 11, 2008)

July 11 (Bloomberg) -- Canada's trade surplus widened more than expected in May as exports to countries other than the U.S. reached a record. The surplus widened to C$5.54 billion ($5.46 billion) from a revised C$4.76 billion in April, Statistics Canada said today in Ottawa.

www.bloomberg.com/apps/news?pid=20601082&sid=aAD3VFDAkEbw

Russia says British trade official is a spy
(AP via Yahoo! Finance - Jul 11, 2008)

Russia has accused the British Embassy's top trade official in Moscow of espionage, the British Foreign Office confirmed Friday.

biz.yahoo.com/ap/080711/russia_britain_espionage.html?.v=1

US trade gap dips to $59.8 bln
(AFP via Yahoo! News - Jul 11, 2008)

The US trade deficit declined in May to 59.8 billion as exports rose to a new record, the Commerce Department reported Friday.

news.yahoo.com/s/afp/20080711/pl_afp/useconomytrade_08071113...

U.S. Trade Gap Narrowed 1.2% in May to $59.8 Billion (Update1)
(Bloomberg.com - Jul 11, 2008)

July 11 (Bloomberg) -- The U.S. trade deficit unexpectedly narrowed in May as the cheaper dollar spurred gains in exports, helping make up for the soaring cost of imported oil.

www.bloomberg.com/apps/news?pid=20601103&sid=ahxvlzu.4ynE

Trade deficit ebbs as exports rise to record high
(AP via Yahoo! News - Jul 11, 2008)

The United States' trade deficit narrowed in May as exports — including industrial supplies and consumer goods — climbed to all-time highs.

news.yahoo.com/s/ap/20080711/ap_on_bi_go_ec_fi/economy_29

U.S. Trade Deficit Narrowed 1.2% in May to $59.8 Billion
(Bloomberg.com - Jul 11, 2008)

July 11 (Bloomberg) -- The U.S. trade deficit unexpectedly narrowed in May as the cheaper dollar spurred gains in exports that helped make up for imports of more expensive crude oil.

www.bloomberg.com/apps/news?pid=20601103&sid=azlMCPS1UExk

US trade deficit dips to $59.8 bln
(AFP via Yahoo! News - Jul 11, 2008)

The US trade deficit declined in May to 59.8 billion as exports gained, the Commerce Department reported Friday.

news.yahoo.com/s/afp/20080711/bs_afp/useconomytrade_08071112...

ELECTION 2008: 'I do believe in free trade,' McCain tells plant crowd
(Detroit Free Press - Jul 11, 2008)

Presumptive Republican presidential nominee Sen. John McCain, making his first trip to Michigan since a town hall meeting May 7, told a Wayne County audience Thursday he sympathized with employers but added that now is not the time for isolationism. "When I see unfair trade practices, we'll act very quickly and effectively," he said. "But I also have to look you straight in the eye and tell you ...

www.freep.com/apps/pbcs.dll/article?AID=/20080711/NEWS15/807...

U.S. Trade Gap Probably Widened in May on Record Oil Prices
(Bloomberg.com - Jul 11, 2008)

July 11 (Bloomberg) -- The U.S. trade deficit widened in May as record oil prices pushed up the value of imports faster than American companies expanded their exports , economists said before reports today.

www.bloomberg.com/apps/news?pid=20601103&sid=acut1N7sVc1w