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U.S. trade deficit rises to near nine-and-a-half-year high; jobs market tightens

“The goods trade deficit was the highest since July 2008 and the surplus on services was the lowest since December 2012” writes Midwest Communications Inc for 95kqds.com. “In 2019, the tax legislation and budget deal will boost the federal deficit by $480 billion, boosting the trade deficit by $161 billion.Part of the rise in the trade deficit in February reflected commodity price increases.The politically sensitive goods trade deficit with China fell 18.6 percent to $29.3 billion.When adjusted for inflation, the trade deficit slipped to $69.11 billion from $69.96 billion in January.
 
Source: 95kqds.com



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