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U.S. Trade Gap Narrowed in May as Imports of Goods Slowed
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The U.S. trade deficit narrowed for the second straight month in May, as a decrease in goods spending by American households held down import growth while exports of energy products increased.
The trade gap in goods and services shrank 1.3% in May from the previous month to $85.5 billion, the Commerce Department said Thursday, down from April’s revised $86.7 billion.
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