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U.S. Trade Deficit Widens More Than Expected In December

The U.S. trade deficit widened by more than expected in the month of December, according to a report released by the Commerce Department on Thursday.

The Commerce Department said the trade deficit widened to $38.7 billion in December from a revised $34.6 billion in November. Economists had expected a deficit of $36.0 billion.

The wider than expected trade deficit came as the value of imports edged up by 0.3 percent, while the value of exports dropped by 1.8 percent.

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