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U.S. Trade Deficit Shrinks in June
The U.S. trade deficit shrank 11% in June, the Commerce Department said Thursday.
The gap between imports and exports fell to $42.9 billion, from $48 billion in May.
Economists had projected a $47.5 billion trade gap, Bloomberg reported.
Imports decreased 1.5% to $227.9 billion, while exports increased 0.9% to $185 billion.
