Drop in imports and record rise in exports help US narrow trade gap

WASHINGTON – The U.S. trade deficit fell sharply in June to its lowest in since October 2009 as imports reduced and exports touched a record high, the Commerce Department said on Tuesday. Official data showed the trade gap in goods and services fell 22.4 percent to $34.2 billion, in three and a half years. The percentage decline was the largest since February 2009. The shortfall on the trade …

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