[size=36]The US trade deficit fell to a 3-year low[/size]
The US trade deficit fell to its lowest level in more than 3 years in November, with imports continuing to decline, probably affected by the trade war launched by President Donald Trump's administration on China, while exports rebounded, which predicts that the economy has sealed 2019 On firm feet.
The Commerce Department said, on Tuesday, that the trade deficit narrowed 8.2 percent to $ 43.1 billion, its lowest level since October 2016. The percentage of decline is the largest since January.
The October data was revised to show that the trade gap fell to $ 46.9 billion instead of $ 47.2 billion in the previous reading.
Economists, polled by Reuters, expected the deficit to drop to $ 43.8 billion in November.
The commodity trade deficit with China, the focus of the White House’s “America First” policy, fell 15.7 percent to 26.4 billion dollars, while imports fell 9.2 percent and exports jumped 13.7 percent. The commodity trade deficit with the European Union declined 20.2 percent to 13.1 billion dollars