Japan’s exports hit record high, but trade deficit continues
Trending News
2 months ago

Japan’s exports hit record high, but trade deficit continues

Associated Press  

TOKYO — Japan saw record-high exports last year, as its annual trade deficit declined 44% from the previous year, the Finance Ministry reported Thursday. The trade deficit, which measures the value of exports minus imports, totaled 5.3 trillion yen, according to government data, as imports ballooned on the back of rising energy costs and growing inflation around the world. Exports from the world’s third-largest economy totaled 107.9 trillion yen, surpassing the 100 trillion yen mark for the second-straight year, and the biggest value on record for comparable data, which dates back to 1979, the ministry said. Japan has recorded a trade deficit for four straight years, but last year’s deficit was considerably smaller than the 9.5 trillion yen deficit for 2023.

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History of this topic

Japan's exports surge in February, leaving a trade surplus as worries persist over Trump's tariffs
1 week ago

Japan's exports surge in February, leaving a trade surplus as worries persist over Trump's tariffs

Hindustan Times  

TOKYO — Japan has reported its exports grew at an 11.4% annual pace in February while imports declined slightly, leaving a surplus after two straight months of deficits as worries grow about President Donald Trump’s tariff hikes. Japan's exports surge in February, leaving a trade surplus as worries persist over Trump's tariffs The stronger export growth yielded a trade surplus …

​High base effect: On a shrinking trade deficit, rising exports
Trending News
1 week ago

​High base effect: On a shrinking trade deficit, rising exports

The Hindu  

India’s goods trade in February saw its steepest decline in nearly two years. While a shrinking trade deficit driven by rising exports would have been a positive development, the simultaneous decline in exports and imports is a cause for concern. The looming threat of reciprocal tariffs has unsettled Indian exporters, as the U.S. is India’s second-largest trading partner, accounting for …

India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research
Trending News
1 week, 1 day ago

India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research

Live Mint  

New Delhi: India’s exports to the US could decline by 3-3.5% if Washington implements reciprocal tariffs next month, but this may be offset by ambitious targets in manufacturing and services, along with efforts to diversify exports, SBI Research said in a report on Monday. New Delhi also must boost value addition, tap new markets, and establish alternative trade routes from …

Japan’s trade minister fails to win US assurances on tariff exemptions
2 weeks ago

Japan’s trade minister fails to win US assurances on tariff exemptions

Associated Press  

TOKYO — Japan’s trade minister said this week that he has failed to win assurances from U.S. officials that the key U.S. ally will be exempt from tariffs, some of which take effect on Wednesday. Muto said Monday in Washington that Japan, which contributes to the U.S. economy by heavily investing and creating jobs in the United States, “should not …

Japan’s economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending
2 weeks, 1 day ago

Japan’s economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending

Associated Press  

TOKYO — Japan’s has cut its estimate for its economic growth in the last quarter of the year to a 2.2% annual pace from 2.8% as consumer spending hit demand. The Cabinet Office said Tuesday that Japan’s real gross domestic product, which measures the sum value of a nation’s goods and services, also was lower due to higher private inventories …

US trade deficit hit a record high in January, Trump tariffs played a role
2 weeks, 4 days ago

US trade deficit hit a record high in January, Trump tariffs played a role

Firstpost  

Trump’s tariff policies aimed to reduce the trade deficit, but the record $131.4 billion shortfall in January 2024 suggests they may have backfired driving up imports and escalating economic uncertainties The US trade deficit reached a record high of $131.4 billion in January 2024, rising by 34 per cent from December’s revised figure of $98.1 billion, according to the Commerce …

'India-US Trade Deal Aims To Reduce Tariffs, Increase Market Access': MEA After Trump’s Remarks
2 weeks, 4 days ago

'India-US Trade Deal Aims To Reduce Tariffs, Increase Market Access': MEA After Trump’s Remarks

ABP News  

The Ministry of External Affairs on Friday said the proposed India-US trade agreement seeks to lower tariff and non-tariff barriers, expand market access, and strengthen supply chain integration. Responding to a question regarding the Trump administration’s remarks on retaliatory tariffs against India, Jaiswal also highlighted Union Commerce Minister Piyush Goyal’s recent visit to the US as part of ongoing efforts …

Fact check: Trump wildly exaggerates trade deficits with Canada, Mexico, China and the EU
2 weeks, 6 days ago

Fact check: Trump wildly exaggerates trade deficits with Canada, Mexico, China and the EU

CNN  

Washington CNN — President Donald Trump has for years wildly exaggerated the size of US trade deficits with various other countries. Previously released federal figures for 2023 and part of 2024 had already shown that Trump’s claims about the US deficits with Canada, Mexico, China, and the European Union were way off. The new federal figures show the 2024 deficit …

Japan’s exports, imports grew in January, as tariff worries loom
1 month, 1 week ago

Japan’s exports, imports grew in January, as tariff worries loom

Live Mint  

Tokyo, Feb 19 Japan recorded a trade deficit of 2.76 trillion yen in January, the Finance Ministry reported Wednesday, as worries continue to grow about looming tariffs from the administration of US President Donald Trump. Japan also had a trade deficit, which measures the value of exports minus imports, a year ago, but the amount rose 60 per cent last …

Japan’s exports and imports grew in January, as tariff worries loom
1 month, 1 week ago

Japan’s exports and imports grew in January, as tariff worries loom

Associated Press  

TOKYO — Japan recorded a trade deficit of 2.76 trillion yen in January, the Finance Ministry reported Wednesday, as worries continue to grow about looming tariffs from the administration of U.S. President Donald Trump. Japan also had a trade deficit, which measures the value of exports minus imports, a year ago, but the amount rose 60% last month from January …

Japan’s Exports Rise at a Faster Clip With Trump Tariffs Looming
1 month, 1 week ago

Japan’s Exports Rise at a Faster Clip With Trump Tariffs Looming

Live Mint  

-- Japan’s exports rose at a faster clip in January as businesses ramped up orders just as US President Donald Trump unleashed a barrage of protectionist policies expected to take effect in coming months. “I don’t think this kind of growth matches demand in the US, so it’s quite possible that exports will decline down the road.” Trump’s fresh tariffs …

Japan’s economy grows more than expected on strong exports and moderate consumption
1 month, 1 week ago

Japan’s economy grows more than expected on strong exports and moderate consumption

The Hindu  

Japan’s economy grew at a better-than-expected annual rate of 2.8% in October-December, underlined by steady exports and moderate consumption. On a quarter-to-quarter basis, the world’s fourth-largest economy grew 0.7% for its third straight quarter of growth, the Cabinet Office reported Monday in its preliminary data. For 2024, the Japanese economy eked out 0.1% growth in seasonally adjusted real GDP, or …

Japan’s economy grows more than expected on strong exports and moderate consumption
1 month, 1 week ago

Japan’s economy grows more than expected on strong exports and moderate consumption

Associated Press  

TOKYO — Japan’s economy grew at a better-than-expected annual rate of 2.8% in October-December, underlined by steady exports and moderate consumption. On a quarter-to-quarter basis, the world’s fourth largest economy grew 0.7% for its third straight quarter of growth, the Cabinet Office reported Monday in its preliminary data. For 2024, the Japanese economy eked out 0.1% growth in seasonally adjusted …

Japan’s Economy Outperforms Forecasts, Keeping BOJ on Track
1 month, 1 week ago

Japan’s Economy Outperforms Forecasts, Keeping BOJ on Track

Live Mint  

-- Japan’s economy outperformed forecasts as business spending and net trade helped fuel a third straight quarter of growth that will keep the Bank of Japan on track for further interest rate hikes. “An increase in investment and resilient consumption suggest the BOJ’s rate hikes haven’t knocked the wind out of the private sector.” — Taro Kimura, senior Japan economist …

Charting the Global Economy: US Inflation Picks Up Ahead of Tariffs
1 month, 1 week ago

Charting the Global Economy: US Inflation Picks Up Ahead of Tariffs

Live Mint  

-- US inflation picked up broadly at the start of the year, further diminishing chances the Federal Reserve will cut interest rates anytime soon. World Economists are warning the next stage of Donald Trump’s trade war would open new fronts across Asia, with India and Thailand among the nations most exposed to risks from the US president’s vow to impose …

Trump threatens reciprocal tariffs against other countries
1 month, 1 week ago

Trump threatens reciprocal tariffs against other countries

NPR  

Trump threatens reciprocal tariffs against other countries toggle caption Andrew Caballero-Reynolds/AFP via Getty Images/AFP President Trump is threatening a round of reciprocal tariffs, suggesting the U.S. could tax imported goods at the same level that other countries tax U.S. exports. Any new tariffs would follow the 25% import taxes Trump has already ordered on steel and aluminum from other countries …

Japan says it has asked the US to exclude it from 25% steel and aluminum tariffs
1 month, 1 week ago

Japan says it has asked the US to exclude it from 25% steel and aluminum tariffs

Associated Press  

TOKYO — Japan ‘s government said Wednesday it asked the U.S. to exclude it from 25% steel and aluminum tariffs, a change from duty-free quotas that Tokyo was given previously. Japan made the request through its embassy in Washington after U.S. President Donald Trump removed the exceptions and exemptions from his 2018 tariffs on steel imports to a minimum of …

Japan says it has asked the US to exclude it from 25% steel and aluminum tariffs
1 month, 1 week ago

Japan says it has asked the US to exclude it from 25% steel and aluminum tariffs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan 's government said Wednesday …

What it means to have a high trade deficit — and why it's not always a bad thing
1 month, 2 weeks ago

What it means to have a high trade deficit — and why it's not always a bad thing

NPR  

What it means to have a high trade deficit — and why it's not always a bad thing AYESHA RASCOE, HOST: Both tensions and relations between the U.S. and its two neighbors - Canada and Mexico - are a bit cooler at the moment, largely due to trade. RASCOE: President Trump often says that countries like Canada and Mexico are …

Trump meets Japanese PM Shigeru Ishiba, vows to address trade deficit and strengthen bilateral ties
1 month, 2 weeks ago

Trump meets Japanese PM Shigeru Ishiba, vows to address trade deficit and strengthen bilateral ties

Firstpost  

US President Donald Trump welcomed Japanese Prime Minister Shigeru Ishiba at the White House on Friday and said the two countries would work to cut Washington’s trade deficit with Tokyo amid escalating trade tensions threatening to rupture the global economy US President Donald Trump welcomes Japanese Prime Minister Shigeru Ishiba at the White House in Washington, US, on Friday. Reuters …

US trade deficit swells to $918.4 bn in 2024: What will be Trump's next move?
1 month, 2 weeks ago

US trade deficit swells to $918.4 bn in 2024: What will be Trump's next move?

Firstpost  

The high figures could attract renewed scrutiny under the new US administration, with Trump already threatening tariffs on major US partners over trade imbalances and other issues US President Donald Trump signs executive orders in the Oval Office at the White House in Washington, US. File image/ Reuters The US trade gap swelled last year to its second-largest on record, …

US trade deficit swells to $918.4 bn in 2024: What will be Trump's next move?
1 month, 2 weeks ago

US trade deficit swells to $918.4 bn in 2024: What will be Trump's next move?

Firstpost  

The high figures could attract renewed scrutiny under the new US administration, with Trump already threatening tariffs on major US partners over trade imbalances and other issues US President Donald Trump signs executive orders in the Oval Office at the White House in Washington, US. File image/ Reuters The US trade gap swelled last year to its second-largest on record, …

U.S. trade gap swells as Trump renews scrutiny of deficits
Top News
1 month, 2 weeks ago

U.S. trade gap swells as Trump renews scrutiny of deficits

Raw Story  

by Beiyi SEOW The U.S. trade gap swelled last year to its second-largest on record, government data showed Wednesday, as deficits come under the spotlight with President Donald Trump's return to the White House. The high figures could attract renewed scrutiny under the new U.S. administration, with Trump already threatening tariffs on major US partners over trade imbalances and other …

US trade deficit widens nearly 25% in December ahead of Donald Trump term
1 month, 2 weeks ago

US trade deficit widens nearly 25% in December ahead of Donald Trump term

Live Mint  

- The US trade deficit widened sharply at the end of 2024 on a surge in imports prior to the start of Donald Trump’s second term as president and his follow-through on the promise of sweeping tariffs. The end-of-year flurry of imports was broad and included a surge in inbound shipments of industrial products that likely reflected efforts by US …

As India waits and watches, a plan is in the making to counter Trump’s tariff challenge
1 month, 3 weeks ago

As India waits and watches, a plan is in the making to counter Trump’s tariff challenge

Firstpost  

According to data from the commerce ministry, the total export value in sectors such as textiles, electronics, engineering goods and pharmaceutical products to the US increased from $38.84 billion in FY22 to $46.43 billion in FY24. As the world’s fifth-largest economy, India is focused on avoiding tariff increases, particularly on key export categories such as textiles, electronics, engineering goods and …

As India waits and watches, a plan is in the making to counter Trump’s tariff challenge
1 month, 3 weeks ago

As India waits and watches, a plan is in the making to counter Trump’s tariff challenge

Firstpost  

According to data from the commerce ministry, the total export value in sectors such as textiles, electronics, engineering goods and pharmaceutical products to the US increased from $38.84 billion in FY22 to $46.43 billion in FY24. As the world’s fifth-largest economy, India is focused on avoiding tariff increases, particularly on key export categories such as textiles, electronics, engineering goods and …

Donald Trump excludes India in new tariffs, imposes on China, Mexico and Canada
1 month, 3 weeks ago

Donald Trump excludes India in new tariffs, imposes on China, Mexico and Canada

Hindustan Times  

US President Donald Trump did not name India in the first set of tariffs announced on Friday, which included 25 percent tariffs on Mexico and Canada, and 10 percent on China, citing a “high trade deficit,” The Indian Express reported. China, Mexico, and Canada are the top contributors of US trade deficit, with China at 30.2 per cent, Mexico at …

Curious but true Japan is worried about Trump imposing new tariffs on China
1 month, 3 weeks ago

Curious but true Japan is worried about Trump imposing new tariffs on China

Firstpost  

Japan’s economy could face significant challenges if US President Donald Trump imposes new tariffs on China. Japan’s chief economist said that such measures could negatively affect the country’s economy, though Japanese companies may be better prepared this time. AP Japan’s economy could suffer if US President Donald Trump slaps fresh tariffs on China, sparking a renewed US-China trade war, the …

Bank of Japan must weigh Trump trade threats as it tightens policy
2 months ago

Bank of Japan must weigh Trump trade threats as it tightens policy

Live Mint  

A weaker yen is typically good for Japanese exporters but could push inflation higher because the country imports much of its energy and food. While the market had long expected the BOJ to raise rates last year, unexpectedly hawkish rhetoric in the July meeting sent the Japanese yen sharply higher. The real drama lies elsewhere: Currency swings could hit Japanese …

Have Trump’s tariff threats helped China boost its exports?
2 months ago

Have Trump’s tariff threats helped China boost its exports?

Al Jazeera  

Trump has said he is considering imposing a 10 percent tariff on China from February. It was Trump’s latest trade threat against China, the world’s second-largest economy after the US, and Washington’s biggest geopolitical rival. “While this influx temporarily fuelled China’s trade surplus, the broader trade relationship has been undermined by US policies,” Carlos Lopes, a Chatham House associate fellow …

India's Trade Deficit Narrows in December to $21.94 Billion
Trending News
2 months, 1 week ago

India's Trade Deficit Narrows in December to $21.94 Billion

Deccan Chronicle  

Chennai: India’s trade deficit narrowed in December to $21.94 billion compared to the revised November trade deficit of $32.84 billion. However, 1 per cent drop in exports and 4.9 per cent growth in imports saw trade deficit widening from year ago levels. India’s merchandise exports contracted 1 per cent to $38.01 billion in December against $38.39 billion a year ago. …

India’s trade deficit declines to $21.94 bn in December
2 months, 1 week ago

India’s trade deficit declines to $21.94 bn in December

Live Mint  

New Delhi: India’s merchandise trade deficit fell to a three-month low of $21.94 billion in December on the back of higher exports, data released by the commerce ministry on Wednesday showed. the merchandise trade deficit stood at $18.76 billion in the year-ago period. During December, merchandise exports stood at $38.01 billion, while imports stood at $59.95 billion, the data showed, …

Nation's foreign trade hits new high
2 months, 1 week ago

Nation's foreign trade hits new high

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. The total value of China's foreign trade reached a record high of 43.85 trillion yuan in 2024, marking a 5 percent year-on-year growth, customs statistics showed. The country's exports amounted to 25.45 trillion yuan last year, an increase of 7.1 percent year-on-year, while imports totaled 18.39 trillion …

China saw record trade with Russia in 2024: customs data
2 months, 1 week ago

China saw record trade with Russia in 2024: customs data

The Hindu  

Trade between China and Russia reached a record high last year, official data showed Monday, reflecting strong economic ties between the countries despite Western sanctions on Moscow. Last year's uptick brought trade between the large neighbouring countries to a historic high, though it represented much slower growth than the 26.3% year-on-year surge recorded the year before last. Chinese President Xi …

China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom
2 months, 1 week ago

China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom

The Hindu  

China's exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. China's exports are likely to remain strong in the near-term, said Zichun Huang of Capital Economics, as businesses try to “front-run” potentially higher tariffs. Record exports …

China’s exports in December up 10.7%, beating estimates as higher US tariffs loom
2 months, 1 week ago

China’s exports in December up 10.7%, beating estimates as higher US tariffs loom

Associated Press  

HONG KONG — China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. With exports outpacing imports, China’s trade surplus grew to $104.84 billion in December, and nearly $1 trillion for the year, at $992.2 billion. …

China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom
2 months, 1 week ago

China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom

NPR  

China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom toggle caption AP/CHINATOPIX/AP HONG KONG — China's exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. Sponsor Message China's exports are likely to …

China’s exports in December up 10.7 per cent, beating estimates as higher US tariffs loom
Trending News
2 months, 1 week ago

China’s exports in December up 10.7 per cent, beating estimates as higher US tariffs loom

New Indian Express  

HONG KONG: China's exports in December grew at a faster-than-expected pace as factories rushed to fill orders in anticipation of higher tariffs threatened by U.S. President-elect Donald Trump once he takes office. Officials in Beijing reported that the total value of China's imports and exports reached a record 43.85 trillion yuan in 2024, marking a 5% increase from the previous …

India’s trade braces for an action-packed 2025
3 months ago

India’s trade braces for an action-packed 2025

Live Mint  

India’s external trade, navigating a phase of uncertainty owing to the European Union's new carbon tax on imports and slowing consumption in Europe, is set face further pressure. Yet, according to Pralok Gupta, associate professor, Indian Institute of Foreign Trade, which operates under the ministry of commerce and industry, “If US imposes high tariffs on China, India may face collateral …

Rahul slams govt over trade deficit touching all-time high
3 months, 1 week ago

Rahul slams govt over trade deficit touching all-time high

Deccan Chronicle  

New Delhi: Slamming the Modi government, Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday said prioritising crony businesses over play-fair ones leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation.Tagging a media report which said that trade deficit and imports are at an all-time high, Gandhi hit …

US tariffs on China unable to stop China trade growth
Trending News
3 months, 1 week ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

US tariffs on China unable to stop China trade growth
Trending News
3 months, 1 week ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

Trade deficit at a record $38bn as gold imports rise
Top News
3 months, 1 week ago

Trade deficit at a record $38bn as gold imports rise

Hindustan Times  

India’s merchandise trade deficit widened to a record $37.84 billion in November, driven primarily by surging gold imports and falling exports, a trend experts said threatens to add pressure on the rupee which is already strained by three months of portfolio outflows. Imports, however, surged by 27% to $69.95 billion compared to $55.06 billion in November 2023, mainly due to …

Trade deficit widens to a new high of $37.84 bn in Nov
3 months, 1 week ago

Trade deficit widens to a new high of $37.84 bn in Nov

Deccan Chronicle  

India’s merchandise trade deficit printed at an all-time high of $37.8 billion in November 2024 as compared to the average of $23.5 billion during April-October 2024. “Such high levels of gold imports were likely driven by festive and marriage-related demand and are unlikely to sustain in the ensuing months, which would help to cool the upcoming merchandise trade deficit prints,” …

India’s Trade Deficit Widens to Record as Gold Demand Soars
Top News
3 months, 1 week ago

India’s Trade Deficit Widens to Record as Gold Demand Soars

Live Mint  

-- India’s trade deficit expanded to a record high in November, as the nation’s import bill ballooned, particularly due to a rise in gold shipments. The gap between exports and imports stood at $37.8 billion in November, trade ministry data showed Monday, much higher than the $23 billion deficit forecast by economists in a Bloomberg survey. A widening trade deficit …

Trade War Widened US Trade Deficit, Increased Chinese Global Exports
3 months, 1 week ago

Trade War Widened US Trade Deficit, Increased Chinese Global Exports

Deccan Chronicle  

The US-China trade war initiated by President Donald Trump under his previous government failed to achieve its goals as the trade deficit of the US further widened while China’s global exports increased between 2017 and 2023. The US-China trade war, which began in March 2018 by imposing 25 per cent tariffs on steel and 10 per cent on aluminium, escalated …

China’s exports slow, imports decline in November, falling below forecasts
3 months, 2 weeks ago

China’s exports slow, imports decline in November, falling below forecasts

Associated Press  

HONG KONG — China’s exports slowed in November and its imports declined, falling below forecasts and underscoring potential weakness in trade at a time when its leaders are striving to boost the economy after the shocks of the COVID-19 pandemic. U.S. President-elect Donald Trump has threatened to slap tariffs of 60% or more on imports of Chinese goods, complicating Beijing’s …

Turning tide: On the export rebound
4 months ago

Turning tide: On the export rebound

The Hindu  

From a reasonably healthy show at the onset of this financial year, India’s goods exports had stumbled sharply in the second quarter, shrinking an average 5.8% over the first two months and rising a mere 0.5% in September. Non-petroleum exports led the way in October with a 25.6% rise, and such shipments have now hit the highest ever tally for …

Japan records a trade deficit in October for a 4th straight month, despite export recovery
4 months ago

Japan records a trade deficit in October for a 4th straight month, despite export recovery

Associated Press  

TOKYO — Japan racked up a trade deficit in October for a fourth straight month as a weak yen and rising energy prices kept import costs high. The trade deficit, which amounts to a nation’s imports subtracted from its exports, totaled 461 billion yen last month, the Finance Ministry reported Wednesday. Exports grew 3.1% in October from a year earlier, …

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