US trade gap shrinks to smallest since 2009 as imports fall

WASHINGTON, United States — The US trade deficit made a sharp and unexpected pullback in October, reaching its lowest level since 2009 as goods imports dropped while President Donald Trump’s tariffs took hold, government data showed Thursday. The overall trade gap plunged 39 percent to $29.4 billion in October, said the Department of Commerce, as imports dropped by 3.2 percent. The deficit was significantly smaller than a $58.4 billion median forecast from surveys of economists by Dow Jones Newswires and The Wall Street Journal. The release of the trade data was delayed by more than a month due to a lengthy […]... Keep on reading: US trade gap shrinks to smallest since 2009 as imports fall