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The U.S. trade deficit narrowed 0.7% to $105 billion in September 2026, below economists’ forecast of $108 billion. The decline came despite a 1.2% rise in imports to a record $426.6 billion, as exports increased 1.9% to $321.5 billion. Record imports reflected strong domestic demand and companies’ expanding investment in artificial intelligence, particularly a rise in capital-goods imports to $158 billion.
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