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U.S. trade deficit sinks as imports tumble

Christian Fernsby ▼ | January 8, 2020
The U.S. trade deficit fell to a more than three-year low in November as imports declined further.
U.S. port
American economy   The trade gap narrowed 0.7%
The Commerce Department said the trade deficit decreased 8.2% to $43.1 billion in November, the smallest since October 2016.

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.