Deficit for key gauge of U.S. foreign trade widens in 1st quarter

Posted: June 19, 2014 at 2:52 a.m.

Dock workers at the Port of Cleveland load the freighter Fortunagracht, bound for Amsterdam, in April. U.S. exports dropped to $399.7 billion in the first quarter from $407.1 billion in the previous quarter, the Commerce Department reported Wednesday.

A drop in U.S. exports and lower income from overseas investments drove the U.S. current account deficit to its highest level in 18 months.

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