U.S. trade deficit sinks as imports tumbleChristian Fernsby ▼ | January 8, 2020
The U.S. trade deficit fell to a more than three-year low in November as imports declined further.
American economy The trade gap narrowed 0.7%
Topics: U.S. trade deficit
The trade gap narrowed 0.7% through November and is on track to record its first annual decline since 2013. Though the shrinking trade bill should be a boost to gross domestic product in the fourth quarter, falling consumer and capital goods imports also suggest a cooling in domestic demand. ■