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US trade deficit shrinks to $38.8 bn in March

A cargo ship is loaded with containers at Baltimore harbor, on September 20, 2010. The US trade deficit shrank 11% in March from February as oil and consumer goods imports fell, according to the Commerce Department.The US trade deficit shrank 11 percent in March from February as consumer goods imports fell, government data released Thursday showed. The Commerce Department reported the trade gap narrowed to $38.8 billion, from a revised $43.6 billion in February, the second month in a row that the deficit narrowed.