U.S. trade deficit narrows sharply in October
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On November 30, 2021, a container was taken from a ship by the Port of Los Angeles in San Pedro.
Mario Tama | Getty Images
In October, the U.S. trade deficit fell sharply as exports rose. This could help to boost economic growth in this quarter.
On Tuesday, the Commerce Department reported that trade deficit fell 17.6% to $67.1 million. Reuters polled economists and forecast a deficit of $66.8 trillion.
The story is still in development. Stay tuned for new updates.
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