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Economic Report: U.S. trade deficit shows no sign of shrinking

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The U.S. trade deficit rose slightly in July and is running almost 10% higher in 2017 compared with 2016.

WASHINGTON (MarketWatch)—The trade deficit rose slightly in July, keeping the U.S. on track to post a larger gap in 2017 than in 2016.

The deficit edged up to $43.7 billion in July from $43.5 billion in June, the Commerce Department said Wednesday. Economists polled by MarketWatch had forecast a $44.8 billion gap.

The U.S. trade deficit is running almost 10% higher through the first seven months of 2017, compared with the same period a year ago: $319.1 billion vs $291.2 billion.

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