January US Trade Deficit Improves By $8.8B as China Deficit Shrinks to 7-Month Low

By Jeff Ferry, CPA Chief Economist The US trade deficit in January 2019 shrunk dramatically, coming in at $51.1 billion, $8.8 billion below the December level and $1.9 billion below the year-ago January level. Department of Commerce data published on Wednesday showed the improvement in our trade deficit was driven in part by a large…

CPA Analysis: January US Trade Deficit Improves By $8.8 Billion

China goods trade deficit shrinks to 7-month low Washington. Coalition for a Prosperous America (CPA) Chief Economist Jeff Ferry has analyzed this morning’s Commerce Department data showing that the monthly US trade deficit shrank dramatically in January, to $51.1 billion, an $8.8 billion drop from December. Most of the decline came from an encouraging decrease in the…