Made in China

The US trade deficit widened by $2 billion from September to October and now stands at $42.2 billion. While Sandy is partly to blame for some of the 3.2% decline in exports, so is a slowing global economy. This means exports won’t boost GDP for a while. The October trade deficit with China hit a record $29.5 billion. Despite this, the US will never cite China as a currency manipulator.