With Europe trying to contain the crisis in Greece and China attempting to limit the fallout from collapsing stock prices, the U.S. may be in for a bit of trade trouble.
[by Justin Lahart | July 6, 2015 | WSJ]
The Commerce Department will report May international trade figures Tuesday, and with the combination of a stronger dollar, weaker international demand and rising oil import costs, they will likely show the trade gap widened. Economists polled by The Wall Street Journal are looking for a deficit of $42.5 billion versus April’s $40.9 billion. And weak export figures from West Coast ports suggest that estimate could be on the low side.
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