US trade deficit fell for the first time in five months. Tariffs could be why



Katie Lobosco | CNN Business

The trade deficit fell in November for the first time since President Donald Trump started putting tariffs on Chinese goods.

The gap between what Americans imported and exported was down $6.4 billion from $55.7 billion in October, according to data released by the Commerce Department Wednesday.

The drop follows five straight months of growth in the trade deficit.
The value of American exports fell in November, a shift driven by falling oil prices. But the drop in the value of goods imported was even bigger, falling 3.6%.
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