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Avalon

US imports surged to a record high in December, official figures showed today as Donald Trump’s threat of tariffs triggered a rush among American companies to import goods. The US trade deficit ballooned to a three-year high during the month, according to the Commerce Department, as imports surged by 3.5pc to an all-time peak of $364.9bn (£291.5bn). China feasting on Trump blunders.

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