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U.S. trade deficit drops 10% in February

The U.S. trade deficit sank almost 10% in February, aided by an increase in exports to a 26-month high and a plunge in imports of autos and cell phones. The deficit fell to $43.6 billion in February, more than canceling out a big increase in January that raised the nation’s trade gap to a five-year high of $48.2 billion.

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