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#TRADE DEFICIT JUMPS

The U.S. trade deficit jumped 9.6% in January to $48.5 billion, up from $44.3 billion the month before. It was the largest monthly gap since a deficit of $50.2 billion in March 2012. While U.S. exports rose slightly, a 2.3 percent surge in imports of mobile phones, oil, and foreign-made cars helped to widen the gap. President Donald Trump has pledged to reduce the U.S. trade deficit by adding tariffs on imports from several U.S. trading partners. (News-Gazette)

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