The global financial implosion took a heavy toll on US trade in September, hitting both imports and exports, according to a government report underlining the world's economic woes.
In a report that highlights the slowdown in the United States and a likely global recession, the commerce department said the US trade deficit narrowed 4.4 per cent in September to $56.5 billion.
What normally would be seen as an improvement in the trade balance set off alarms with a record drop in imports and a steep fall in exports.
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