The U.S. trade deficit jumped to a 10-year high in October

The U.S. trade deficit jumped to a 10-year high in October

The Commerce Department said the trade deficit increased 1.7 percent to $55.5 billion, the highest level since October 2008. The trade gap has now widened for five straight months. Data for September was revised to show the deficit rising to $54.6 billion instead of the previously reported $54.0 billion.

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