Trade Deficit in U.S. Unexpectedly Shrinks to Five-Month Low

The trade deficit in the U.S. unexpectedly narrowed in June, reflecting the biggest drop in imports in a year as the economy moved closer to energy independence. The gap shrank 7 percent to $41.5 billion, the smallest since January, from May’s $44.7 billion, Commerce Department figures showed to…

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Trade Deficit in U.S. Unexpectedly Shrinks to Five-Month Low