US trade deficit falls 5.6 percent to $44.4 billion as exports hit record high and imports dip

  • by: MARTIN CRUTSINGER , Associated Press
  • Updated: July 3, 2014 - 8:30 AM

WASHINGTON — The U.S. trade deficit fell in May as U.S. exports hit an all-time high, helped by a jump in exports of petroleum products. Imports dipped slightly.

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