U.S. trade deficit falls, exports hit two-year highStaff Writer | April 4, 2017
The U.S. trade deficit fell more than expected in February as exports increased to a two-year high and slowing domestic demand weighed on imports.
Economy in America The narrowing in the trade gap
The Commerce Department said he trade deficit declined 9.6 percent to $43.6 billion. January's trade shortfall was revised slightly down to $48.2 billion from $48.5 billion.
The politically sensitive U.S.-China trade deficit dropped 26.6 percent to $23.0 billion in February.
The decline in the U.S.-China trade deficit comes ahead of Chinese President Xi Jinping's visit later this week. President Donald Trump has declared China the "grand champions" of currency manipulation. ■