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    U.S. Trade Deficit Shrank in July

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    U.S. Trade Deficit Shrank in July



    The U.S. reported a sharp narrowing in the July trade deficit due to weaker demand for imports, a positive sign for short-term economic growth but a potential warning sign for the global economy.

    The trade gap in goods and services shrank by 12.6% in July from the prior month to a seasonally adjusted $70.65 billion, the Commerce Department said Wednesday.



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