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(Image from article: "China posts 1st quarterly trade deficit in 6 years")

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US trade gap shrinks as exports rise

The U.S. trade deficit shrank in May, as exports to places like China and Europe rose, defying concerns about a global economic slowdown. The Commerce Department said Wednesday that the trade deficit fell 3.8 percent to $48.7 billion in May, down from $50.6 billion in April.

China posts 1st quarterly trade deficit in 6 years

China reported its first quarterly trade deficit in six years Sunday as surging prices for commodities pushed up its import bill.

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