Joe Fan
10,000+ Posts
Trade deficit to 3-year low in November -- Some here suggested this would be impossible but the sharp decline in the US trade gap with China suddenly has us on the verge of posting first annual decline since 2013.
Exports rose 0.7% to $208.6 billion in Nov (we exported more aircraft engines, autos and equipment for oil drilling and exploration).
Imports slipped 1% to $251.7 billion (we imported fewer computers, cell phones, drugs and aircraft, offsetting a big increase in auto imports).
The deficit in goods with China fell another $2.2 billion in Nov to $25.6 billion. The gap with China has tumbled $61.3 billion to $319.8 billion in the first 11 months of 2019 compared to the prior year.
Exports rose 0.7% to $208.6 billion in Nov (we exported more aircraft engines, autos and equipment for oil drilling and exploration).
Imports slipped 1% to $251.7 billion (we imported fewer computers, cell phones, drugs and aircraft, offsetting a big increase in auto imports).
The deficit in goods with China fell another $2.2 billion in Nov to $25.6 billion. The gap with China has tumbled $61.3 billion to $319.8 billion in the first 11 months of 2019 compared to the prior year.
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