US trade narrows to lowest since 2016 as China trade war thaws
The US typically runs a services surplus and merchandise deficit, a shortfall that Donald Trump has assailed as unfair
Washington — The US trade gap narrowed in November 2019 to the smallest in three years as exports advanced amid a thaw in the trade war with China, while imports fell to the lowest since 2017.
The overall US deficit in goods and services shrank to $43.1bn in November from $46.9bn the prior month, according to data released on Tuesday by the US commerce department. The median estimate of economists surveyed by Bloomberg called for a shortfall of $43.6bn...