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Smaller trade gap

THE United States trade deficit narrowed less than anticipated in December to the smallest in almost six years as the recession pushed oil prices and consumer spending lower, reducing imports.

The gap between imports and exports shrank 4 percent to US$39.9 billion, the lowest since February 2003, from a revised US$41.6 billion deficit in November that was wider than previously estimated, the Commerce Department said yesterday in Washington. Imports fell to the lowest since 2005.


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