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U.S. trade deficit plunges in June to lowest level since late 2009

U.S. trade deficit plunges in June to lowest level since late 2009

WASHINGTON -- The U.S. trade deficit unexpectedly plunged in June to its lowest level since late 2009 as exports jumped to a record high, the Commerce Department said Tuesday. A decrease in imports, particularly crude oil, also helped the deficit drop to $34.2 billion, from $44.1 billion the previous month.  The last time the trade deficit was lower was in October 2009. QUIZ: How well do you understand the Fed stimulus? Analysts had expected the deficit to fall only slightly, to about $43.5 billion. Exports increased 2.2% in June to a record of $191.2 billion, from $187.1 billion the previous month. Exports had dropped in May from April. Exports increased in most categories,...

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