U.S. annual trade deficit shrinks for first time in six years

THE ANNUAL U.S. deficit in goods and services decreased 1.7% to $616.8 billion in 2019, / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN
THE ANNUAL U.S. deficit in goods and services decreased 1.7% to $616.8 billion in 2019, / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN
WASHINGTON – The United States trade deficit narrowed in 2019 from the widest in a decade, reflecting plunges in shipments from China and oil imports while giving President Donald Trump some evidence he’s delivered on pledges to reduce the gap. The annual deficit in goods and services decreased for the first time in six years,…

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