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US trade deficit swells in July to highest level since 2008

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US trade deficit swells in July to highest level since 2008

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In 2016 Donald Trump made reducing the trade deficit — the gap between imports and exports — a key election pledge © AP

The US monthly trade deficit hit its highest level since 2008 in July as the country continued to import more than it exports, in a blow to Donald Trump’s promise during the 2016 election campaign to reduce that figure.

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