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LATEST US DATA

Trade gap shrinks more than forecast as imports drop

Exports to China down 1.9% while imports from there dip 0.2%, leaving US-China trade deficit at US$31.6b, up 0.4%

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The gap decreased 7.4 per cent to US$41.9 billion, the smallest since February, from a revised US$45.2 billion in June.

Washington

THE US trade deficit shrank more than forecast in July as imports of mobile phones and pharmaceuticals dropped, while exports were little changed.

The gap decreased 7.4 per cent to US$41.9 billion, the smallest since February, from a revised US$45.2 billion in June that

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