Sky-high oil prices and Americans' insatiable hunger for Chinese goods drove the US trade deficit to a record high of 763.6 billion dollars in 2006, the government said.
The Commerce Department said the December gap alone was 61.2 billion dollars, up from 58.1 billion in November. It was the highest monthly total since September's 64.4 billion.
"The larger-than-expected deficit implies some further downward revision to the fourth-quarter
GDP (gross domestic product) growth," Nomura US chief economist David Resler said.
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