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…