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. Last Updated: 07/27/2016

U.S. Trade Deficit Up

WASHINGTON -- The U.S. deficit in the broadest measure of trade swelled to a record $136.1 billion in the first three months of 2003 as war tensions stoked the prices of imported crude oil and other petroleum products.

The latest snapshot of trade activity reported by the Commerce Department on Thursday shows that the mushrooming "current account" deficit in January-March was 5.8 percent more than the previous record deficit of $128.6 billion set in the fourth quarter of 2002.