US Trade deficit narrows as global demand slows

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US Trade deficit narrows as global demand slows

Reuters – The trade deficit narrowed in April as slower growth in Europe and China bit into exports and the soft economy clipped import demand, a government report showed on Friday. The trade gap shrank 4.9 percent to $50.1 billion, with exports falling 0.8 percent from last month’s record level to $182.9 billion, the Commerce Department said. Imports dropped 1.7 percent to $233.0 billion. Read Article

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