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US trade gap drops sharply in July on lower imports
US trade gap drops sharply in July on lower imports
Business and Economy
by  AFP

A steep drop in imports, especially of consumer goods, narrowed the US trade deficit in July to its lowest level since October, the government reported Wednesday. The overall trade deficit fell by more than $10 billion to $70.6 billion compared to June, almost entirely due to the decline in imports, the report said.