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The deficit in goods and services declined to $49.4 billion from $51.1 billion, reflecting a 1.1 percent rise in exports and a 0.2 percent increase in imports, the Commerce Department said Wednesday. Analysts had projected a widening to $53.4 billion. The merchandise-trade gap with China -- the main target of President Donald Trump’s trade war -- narrowed to $30.1 billion.

OTHER NEWS

China marks the 40th anniversary of its economic reforms and opening up on Dec. 18 — an occasion Beijing could use to emphasize its commitment to transform its economy, noted Scott Kennedy of the Center for Strategic and International Studies. “If that day or week goes by with no major new announcements, then we know […]

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