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US trade deficit widens in June

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08-11-2010, 10:44 PM

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US trade deficit widens in June

The Commerce Department today announced the US trade deficit widened in June to $49.90 billion (£31.8 billion) – the highest level in 20 months and much higher than the $42.2 billion most economists had expected. According to the Commerce Department, the further widening in the trade deficit was primarily due to rising imports from China [...]

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