The U.S. trade deficit declined to the lowest level in almost two years as exports rose to a record high, a gain that is not expected to last given the global economic slowdown. U.S. exports climbed 3.1 percent to an all-time high of $187 billion.
Forget all the hullabaloo over Team USA's much maligned, Chinese-made Olympic uniforms; we're a nation of importers. But importing from where? Check out DailyFinance's unscientific survey of some of America's more popular products and where they're actually made.
With the U.S. consumer economy in the doldrums, the impact is being felt globally. From China to Germany and Canada to Japan, America's major trading partners are struggling to adapt to a sudden decline in U.S. imports.