By JEANNINE AVERSA, AP Economics Writer 4 minutes ago WASHINGTON - The United States' trade deficit narrowed in May as exports including industrial supplies and consumer goods climbed to all-time highs.The latest snapshot of trade activity, reported by the Commerce Department on Friday, showed that the nation's trade gap, thanks largely to the declining dollar, decreased to $59.8 billion. That was down 1.2 percent from April's trade deficit and was the best showing since March.
The improvement came even as imports including crude oil hit new record highs.
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