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The U.S. trade deficit declined in January as demand for oil and foreign automobiles declined, the Commerce Department said Thursday.
The gap between imports and exports fell to $37.3 billion, from a revised $39.9 billion in December, Commerce said.
Economists had forecast the deficit would widen to $41 billion, Bloomberg reported.
Imports fell 1.7% to $180 billion. Exports fell by 0.3%, or $500 million, to $142.7 billion.
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