U.S. trade deficit lowest since 2009, ports dispute likely a factor

April 2, 2015 12:35 PM

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U.S. trade deficit lowest since 2009, ports dispute likely a factor

WASHINGTON (Reuters) - The U.S. trade deficit in February fell sharply to its lowest level since 2009, likely as a labor dispute at one of the country's main ports depressed both imports and exports.

But the smaller deficit, which could see economists raise their first-quarter growth estimates, is probably temporary given a stronger dollar and weaker global demand.

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