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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
Add BT as a preferred sourcePublished Thu, Jul 6, 2017 · 09:50 PM
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 billion. April's trade deficit was unrevised at US$47.6 billion.
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