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LATEST US DATA

Trade deficit narrows in May as exports hit two-year high

Gap decreases 2.3% to US$46.5b but trade could still be a drag on GDP in Q2

Washington

THE US trade deficit fell in May as exports increased to their highest level in just over two years, but trade could still weigh on economic growth in the second quarter.

The Commerce Department said on Thursday that the trade gap decreased 2.3 per cent to US$46.5

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