U.S. Trade Gap At Five-month Low, To Boost Second-quarter GDP
The U.S. trade deficit narrowed more than expected in June as petroleum imports dropped to a 3-1/2-year low, suggesting that trade was less of a drag on second-quarter economic growth than initially thought. The Commerce Department said on Wednesday the trade gap shrank 7.0 percent to $41.5 billion, the lowest reading since January.
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