US trade deficit shrinks in October as exports rebound
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The U.S. trade deficit narrowed sharply in October, falling from a record high as exports surged, government data showed on Tuesday.
The Commerce Department said the gap between what the U.S. buys from other countries and what it sells to them plunged by 17.6% to $67.1 billion. That's a $14.31 billion drop from September, when the trade deficit hit a record $81.4 billion.