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January 8, 2020

Trade deficit falls 8.2% to $43.1B in November, lowest level in 3 years

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON — The U.S. trade deficit fell in November to the lowest level in more than three years as U.S. exports rose while imports declined, putting the country on track to see the first annual decline in the trade deficit in six years.

The Commerce Department said Tuesday that the gap between what America sells and what it buys abroad narrowed by 8.2% in November to $43.1 billion, the smallest deficit since October 2016.


 
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