Mobile version

U.S. Trade Deficit Falls in 2019, First Time in 6 Years

by Naharnet Newsdesk 05 February 2020, 15:47
W460

The U.S. trade deficit fell last year to $616.8 billion, the first time the gap has narrowed since 2013 as imports declined more than exports, according to government data released Wednesday.

As President Donald Trump's trade confrontations escalated in 2019, the total trade gap shrunk by nearly $10 billion as exports fell by 0.1 percent and imports dropped 0.4 percent, the Commerce Department reported.

SourceAgence France Presse
Business
Comments 1
Thumb chrisrushlau 05 February 2020, 19:04

If we could just get the trade deficit up to 900 B, the defense budget would be self-financing. I think.

Reply Report