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Exports Help Trim U.S. Trade Deficit to Seven-Year Low
The Commerce Department reports June exports rose 4.6 percent while imports fell 2.9 percent, lowering the merchandise trade deficit to 5.07 billion dollars the smallest since 1983. Oil costs and Middle East tensions loom as risks to future import bills, analysts warn.
MENTIONED IN THIS ARTICLE
Washington
Middle East
Commerce Department
Commerce
Robert A. Mosbacher
U.S
Bruce Steinberg
Merrill Lynch
Gilbert Benz
Swiss Bank Corp
New York
Benz
Persian Gulf
John Howard
U.S. Chamber of Commerce