U.S. trade deficit sinks as imports tumble
Topics: U.S. TRADE DEFICIT
The Commerce Department said the trade deficit decreased 8.2% to $43.1 billion in November, the smallest since October 2016.
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. ■