Trade Deficit in U.S. Climbed in December to Six-Month High
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The trade deficit in the U.S. widened in December to a six-month high as a strengthening economy prompted bigger gains in imports than exports.
The gap increased 3.7 percent to $48.8 billion from $47.1 billion in November, Commerce Department figures showed today in Washington. Purchases of goods and services produced overseas were the strongest in more than three years on record demand for capital equipment like machinery and semiconductors.