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US Trade Deficit Narrows To Smallest Since Late 2020

US Trade Deficit Survey in 2020

The US trade deficit narrowed more than anticipated in November on a fall in imports, government figures showed early this month, with drops seen in pharmaceuticals and household goods.

The overall trade deficit dropped $16.3 billion to $61.5 billion in November, according to Commerce Department data.

This was the narrowest deficit since September 2020, and a smaller number than analysts expected.

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