US trade deficit narrows to $45.3 billion in January


(Worthy News) – The U.S. trade deficit narrowed in January as exports fell but imports fell more. The politically sensitive trade gap with China widened.

The Commerce Department said Friday that the divide between what the U.S. sells and what it buys abroad dropped 6.7% in January to $45.3 billion.

Exports of goods and services slipped 0.4% in January. Imports dropped 1.6%. Both exports and imports of crude oil dropped in January, reflecting falling energy prices. [ Source: Washington Times (Read More…) ]

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