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US Trade Deficit Hits Record Of $80.9 Billion In September

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FILE - In this June 19, 2019, file photo cargo ships are docked at the Port of Los Angeles in Los Angeles. The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for awhile as the country endures a sharp contraction due to the impact of the coronavirus. (AP Photo/Marcio Jose Sanchez, File)

(AP) — The U.S. trade deficit hit an all-time high of $80.9 billion in September as American exports fell sharply while imports, even with supply chain problems at American ports, kept climbing. The Commerce Department reported Thursday that the September deficit topped the previous record of $73.2 billion set in June. The deficit is the gap between what the United States exports to the rest of the world and the imports it purchases from foreign nations. In September, exports plunged 3% to $207.6 billion while imports rose 0.6% to $288.5 billion.

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