WASHINGTON - The U.S. trade deficit fell for the first time in six years in 2019 as President Donald Trump hammered China with import taxes. But goods trade gap with Mexico rose 26.2% last year to a record $101.8 billion. The goods deficit with the European Union also hit a record, $177.9 billion -- up 5.5% from 2018. Overall, the United States posted a $866 billion deficit in the trade of goods such as cars and appliances, down from $887.3 billion in 2018. In December, the overall trade gap widened 11.9% per cent to $48.9 billion as exports rose 0.8% to $209.6 billion and imports climbed 2.7% to $258.5 billion.

Source: thestar February 05, 2020 13:30 UTC