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News Summary: US trade deficit widened in October

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DEFICIT HIGHER: The U.S. trade deficit grew 4.8 percent in October from September to $42.2 billion. The deficit increased because exports fell by a larger margin than imports. EXPORTS AND IMPORTS: U.S. exports dropped 3.6 percent to $180.5 billion because sales of commercial aircraft, autos and farm products all declined. Imports fell 2.1 percent to $222.8 billion, reflecting fewer shipments of...

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