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U.S. trade deficit drops 6% in June to 8-month low

The trade deficit shrank nearly 6% in June to an eight-month low, but the U.S. is still on track to post a bigger gap in 2017 than it did the year before.

The deficit fell to $43.6 billion in June from $46.4 billion in May, the Commerce Department said Friday. Economists had forecast a $44 billion gap.

Although that’s the lowest level since last October, the U.S. trade deficit is still ‘about 11% higher through the first half of 2017 compared to the same period the year before.

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