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US rubber goods trade deficit rises

The U.S. rubber product trade deficit increased 19 % through April, with few categories showing any improvement in the balance of trade. The U.S. Commerce Department data show the nation’s deficit for rubber goods has grown to $3.67 billion for the first four months of 2012, $586.6 million higher than a year earlier. The month-to-month comparison of the April 2011-April 2012 trade balance similarly showed a 24.3 % increase in the deficit to $958.9 million.
Among the individual categories, the largest segment—tyres and related products—posted a 21.7 % increase in its deficit through April, to $2.9 billion. Retreads was the only one of nine tyre-related categories where the U.S. has a positive trade balance -- $2.27 million, up 38.4 % through April compared with 2011. Hose, belting and miscellaneous hard rubber goods, other larger rubber product categories, also showed substantial increases in their trade deficits
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