US trade deficit falls to more than 3-year low as imports decline further


The U.S. trade deficit fell to a more than three-year low in November as imports declined further, likely weighed down by the Trump administration's trade war with China, and exports rebounded, suggesting the economy ended 2019 on solid footing. The Commerce Department said on Tuesday the trade deficit decreased 8.2% to $43.

1 billion, the smallest since October 2016. The percentage drop was the largest since January. The trade deficit has narrowed 0.7% through November and is on track to record its first annual decline since 2013..

This article is no longer available in our repository.

There could be multiple reasons for this.