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November trade defict hits $47.8 billion
Posted By -NO AUTHOR- On 01/13/2012 @ 11:22 am In Front Page,Money,World | No Comments
Still, exports fell for a second straight month, a sign that Europe’s slowdown has begun to affect the U.S. economy.
The trade gap rose 10.4 percent to $47.8 billion, the Commerce Department said Friday.
Overall exports dropped 0.9 percent to $177.8 billion. But American exports to Europe fell more sharply — nearly 6 percent.
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