U.S. trade deficit falls 7.6% in October to 16-month low on decline in Chinese imports
December 05, 2019 at 08:34 AM EST
The nation’s trade deficit dropped almost 8% in October to a 16-month low, largely because of lower imports from China tied to the ongoing U.S. trade dispute with the Asian giant. The deficit slid to $47.2 billion from $51.1 billion.
