U.S. Annual Trade Deficit Shrinks For First Time In Six Years

6 Feb    Investing News

The U.S. trade deficit narrowed in 2019 from the widest in a decade, reflecting plunges in shipments from China and oil imports while giving President Donald Trump some evidence he’s delivered on pledges to reduce the gap.

The annual deficit in goods and services decreased for the first time in six years, narrowing 1.7% to $616.8 billion, Commerce Department data showed Wednesday.