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US trade deficit widens slightly on rise in imports
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semiconductors, Wednesday's report showed. While the US economy has showed signs of slowing, resilient consumer spending has helped boost US trade.
But this could weaken as rapid interest rate hikes by the central bank -- aimed at lowering inflation and cooling demand -- ripple through the world's biggest economy. Among exports of goods in July, those of automotive vehicles, parts and engines picked up, as did industrial supplies.
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