US trade gap falls 15 per cent to $51.1 billion in January - News Summed Up

US trade gap falls 15 per cent to $51.1 billion in January


WASHINGTON - The U.S. trade deficit tumbled nearly 15 per cent in January as imports fell and exports rose. Exports rose 0.9 per cent to $207.3 billion, and imports dropped 2.6 per cent to $258.5 billion. ( Steve Helber, File / AP Photo )The deficit in the trade of goods with China narrowed by 6.4 per cent to $34.5 billion. U.S. goods exports to China dropped 22.3 per cent to $7.1 billion, lowest since September 2010; Chinese imports dropped 9.6 per cent to $41.6 billion. But last year the overall trade gap hit the highest level since 2008, and the deficit in the trade of goods with China hit a record.


Source: thestar March 27, 2019 12:33 UTC



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