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US trade deficit jumps to 5-year high of $48.5 billion

Mar 7, 2017
American exporters have struggled over the past couple of years because of a rising dollar.
The trade deficit jumped 9.6 percent to $48.5 billion last month, driven by a surge of imported mobile phones, oil and foreign cars.
Justin Sullivan/Getty Images

U.S. trade gap widens

May 10, 2012
The Commerce Department reported the U.S. bought a record amount goods from overseas in March. Meanwhile, U.S. companies sold a record amount of stuff overseas. All told, it adds up to a soaring trade gap.