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U.S. commerce deficit narrows sharply in October

A container is offloaded from a ship on the Port of Los Angeles on November 30, 2021 in San Pedro, California.

Mario Tama | Getty Photos

The U.S. commerce deficit narrowed sharply in October as exports soared, doubtlessly establishing commerce to contribute to financial development this quarter.

The Commerce Division mentioned on Tuesday that the commerce hole plunged 17.6% to $67.1 billion. Economists polled by Reuters had forecast a $66.8 billion deficit.

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