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U.S. Trade Gap Narrowed in October as Imports, Exports Fell

WASHINGTON—Imports of Chinese goods fell in October as the U.S. imposed new tariffs on consumer goods, and the overall trade deficit narrowed on a drop in imports and exports.

The foreign-trade gap in goods and services contracted 7.6% from the prior month to a seasonally adjusted $47.20 billion in October, the Commerce Department said Thursday, narrower than the trade deficit of $48.5 billion that economists had expected.

Imports…