Trade Gap in U.S. Widens as Exports Fall to Four-Year Low
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The trade deficit widened in December as stable U.S. domestic demand supported imports while weaker growth abroad held back overseas sales.
The gap increased 2.7 percent to $43.4 billion from $42.2 billion in November, the Commerce Department reported Friday in Washington. The median forecast in a Bloomberg survey of 65 economists called for a deficit of $43.2 billion.