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| © AFP/File Paul J. Richards |
WASHINGTON (AFP) – The US trade deficit grew in December as imports rose at the fastest pace since June, while the gap with China hit a record for the year, official data showed Friday.
The Commerce Department reported the country’s trade deficit in goods and services rose to a seasonally adjusted $40.6 billion, from $38.3 billion in November.
The rise was slightly above the $40.4 billion expected by most analysts, but remained below the 2010 peak of $50.0 billion in June.
For all of 2010, the politically sensitive trade deficit with China swelled to $273.1 billion, topping the 2008 record of $268.0 billion.
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