A golden opportunity for Democrats to excoriate President Bush regarding trade will occur next month:
US trade deficit widens to record $68.5bn
The US trade deficit ballooned to a record $68.5bn in January, far surpassing expectations and raising the prospect of a large drag on economic growth in the first months of the year.
The sensitive bilateral trade deficit with China climbed to $17.9bn (€15bn, £10.3bn) in January from $16.3bn, a figure that is likely to hinder administration efforts to contain mounting frustration in Congress over the rising deficit, and create a tense backdrop for the official visit of Hu Jintao, the Chinese president, next month.