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WASHINGTON, May 10: The US trade deficit jumped to $63.9 billion in March, boosted by rising prices on oil imports that more than offset higher exports to China, the Commerce Department reported on Thursday. The March trade gap was higher than analysts' forecasts of $60 billion, after a deficit of 57.9 billion in February.
Both import and export levels were just shy of records, the Commerce Department said.
The trade shortfall grew 10.4 per cent from the previous month.—Agencies
