U.S. trade deficit shrinks to lowest level since 2009

April 2, 2015 12:55 PM

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U.S. trade deficit shrinks to lowest level since 2009

WASHINGTON (MarketWatch) — The U.S. trade deficit sank 17% in February to the lowest level since 2009 largely because of cheaper oil, but exports also fell to a two-and-a-half year bottom in a sign that a stronger dollar and a weak global economy are hurting American companies.

The U.S. trade deficit declined by $7.2 billion to $35.4 billion in February from a revised $42.7 billion in January, the Commerce Department said Thursday. That was much lower than Wall Street expected.

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