US trade gap narrows to lowest level in 3+ years

The US trade deficit narrowed for the third straight month in November, to its lowest level in more than three years.

From the Market Insider:

The Commerce Department said on Tuesday that the gap between exports and imports fell 8.2%, to a seasonally adjusted $43.1 billion, below economists’ expectations of a $43.6 billion deficit.

That was the slimmest it has been since October 2016, before President Donald Trump took office, and compared with a reading of $46.9 billion in October 2019. The president views the trade balance as a scorecard of sorts in the economic disputes he ignited in 2018.

More on the current state of imports and exports HERE