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2/15/2005

RECORD TRADE DEFICIT AGAIN

For the third consecutive year, the U.S. trade deficit set a record, the Commerce Department announced Feb. 10. The 2004 deficit of $617.7 billion dwarfs the record $496.5 billion set in 2003. The U.S. deficit with China, the largest with any country, reached unprecedented heights at $162 billion, eclipsing the record $124 billion deficit with that country in 2003.

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