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Thursday, September 4, 2014

US trade deficit smallest in six months on rising exports

The U.S. trade deficit narrowed in July to its lowest point in six months as exports rose to a record high, supporting views of sturdy economic growth in the third quarter.

The Commerce Department said on Thursday the trade gap fell 0.6 percent to $40.5 billion, the lowest since January. June's trade deficit was revised to $40.8 billion.

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