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U.S. Trade Deficit Hits 19-Month Low Due to Record-High Exports
The United States trade deficit dropped in May to the lowest level in 19 months as exports rose to a record level.
The Department of Commerce announced the May trade deficit — the difference between what America sells and what it buys in foreign markets — decreased 6.6 percent to $43.1 billion — the smallest imbalance since October 2016.
U.S. Trade Deficit Hits 19-Month Low Due to Record-High Exports
The United States trade deficit dropped in May to the lowest level in 19 months as exports rose to a record level.
The Department of Commerce announced the May trade deficit — the difference between what America sells and what it buys in foreign markets — decreased 6.6 percent to $43.1 billion — the smallest imbalance since October 2016.