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US trade deficit jumps to $68.1 billion in November

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WASHINGTON – The U.S. trade deficit jumped to $68.1 billion in November as a surge in imports overwhelmed a smaller increase in exports.The November gap between what America buys from abroad compared to what it sells abroad rose by 8% from the October deficit of $63.1 billion, the Commerce Department said Thursday.Through the first 11 months of 2020, the deficit stands at $604.8 billion, 13.9% higher than the same period in 2019.

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