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US Trade Deficit Cut to $49B on Record Exports
The Commerce Department reports the U.S. trade deficit was trimmed to $49 billion in March from $57.7 billion in February. That is the first time the gap has decreased in seven months, and is the lowest its been since September.
Exports rose to a record $208.5 billion in March, while imports dropped 1.8% to $257.5 billion. The gains this month were led by shipments of civilian aircraft and soybeans.
President Trump is keen on decreasing the gap via an aggressive ‘America First’ policy. The President is seeking to reduce a deficit he blames on bad trade agreements and abusive practices by U.S. trading partners.
The trade gap is up 18.5% to $163.4 billion so far this year.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Economy



