U.S. Trade Deficit Hits Record Low Amid Export Boom ...Middle East

In August, the U.S. trade deficit saw a substantial reduction, hitting its smallest figure in five months amid a surge in exports. The Commerce Department's latest report indicates that the trade gap contracted by 10.8% to $70.4 billion from July's revised $78.9 billion, fueled by record-high exports reaching $271.8 billion.

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