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Trade deficit hits a record high in November
The Commerce Department reports America's November trade deficit at 60.3 billion dollars, up 7.7 percent from October’s record. Through November the year’s total stands at 561.3 billion, signaling a possible 600 billion annual gap. The surge reflects large imports from oil and consumer goods, with Canada, South Korea, and Russia among the major imbalanced partners. White House and Democrats debate policy effectiveness while citing differing views on global growth and job protection.
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