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U.S. Trade Deficit Narrowed Sharply in November as Global Demand Cooled
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U.S. commerce with the rest of the world declined significantly in November, shrinking the U.S. trade deficit by more than a fifth and adding to signs of a global economic slowdown through the holiday season.
U.S. exports fell 2% in November from October, reflecting an ebbing appetite abroad for American products—including aircraft, food and telecommunications equipment—the Commerce Department reported Thursday.
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