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With imports jumping and exports slumping, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened by more than anticipated in the month of December.
The Commerce Department said the trade deficit widened to $59.8 billion in December from a revised $50.3 billion in November.
Economists had expected the deficit to widen to $57.9 billion from the $49.3 billion originally reported for the previous month.
