The US goods trade deficit with China, a focus of President Donald Trump's "America First" agenda, dropped to a five-year low in March amid a surge in exports, including soybeans. The goods trade deficit increased 0.7 % to $72.4 billion in March. The goods trade deficit with Mexico hit a record high of $9.5 billion in March. When adjusted for inflation, the overall goods trade deficit increased $0.5 billion to $82.1 billion in March. Consumer goods imports, however, fell amid declines in imports of cellphones and other household goods.

Source: Mint May 09, 2019 14:48 UTC