U.S. Trade Deficit Declines in 2019 China trade gap falls significantly due to tariffs Washington. Federal data released this morning show that America’s enormous international trade deficit in goods and services fell in 2019 for the first time in six years. According to the U.S. Commerce Department, the trade deficit dropped 1.7 percent to $616.8…

By Steven L. Byers, PhD and Jeff Ferry The US trade deficit in goods and services fell for the first time in six years in 2019. That’s according to US Commerce Department figures which showed our trade deficit dropped 1.7 percent to $616.8 billion in 2019. The drop in the deficit was all the more…