Worthy Christian News » U.S. Headlines » US Trade Deficit Falls to Lowest Level in More Than 3 Years


US Trade Deficit Falls to Lowest Level in More Than 3 Years

Wednesday, January 8, 2020 | Tag Cloud Tags: , , , ,

by Jordan Hilger, Worthy News Correspondent

(Worthy News) - The U.S. trade deficit fell in November to the lowest level in more than three years as U.S. exports rose while imports declined, putting the country on track to see the first annual decline in the trade deficit in six years.

The Commerce Department said Tuesday that the gap between what America sells and what it buys abroad narrowed by 8.2% in November to $43.1 billion, the smallest deficit since October 2016.

Through the first 11 months of 2019, the trade deficit is 0.7% smaller than in the same period in 2018. If that trend holds in December, the country will finish 2019 with a deficit slightly below last year's $627.7 billion imbalance, which had been a 14.1% jump over 2017. [ Source: VOA News (Read More...) ]

Let your Friends know! Be sure to SHARE!





Copyright 1999-2020 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » U.S. Headlines » US Trade Deficit Falls to Lowest Level in More Than 3 Years

Latest Worthy News

Worthy Christian News » U.S. Headlines » US Trade Deficit Falls to Lowest Level in More Than 3 Years