U.S. Trade Gap Narrows to Five-Month Low as Imports Plummet



Katia Dmitrieva | Bloomberg

The U.S. trade deficit narrowed in November by more than forecast to a five-month low, as imports tumbled by the most in more than two years amid an intensifying trade war.

The gap fell 11.5 percent to $49.3 billion, according to a Commerce Department report Wednesday that had been delayed a month by the government shutdown. The median estimate of economists surveyed by Bloomberg called for a deficit of $54 billion. Imports of all goods and services dropped 2.9 percent, while exports declined 0.6 percent.

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