US Trade Deficit Drops to 2009 Low Amid Tariff Impact

1 min read
Source: CNBC
US Trade Deficit Drops to 2009 Low Amid Tariff Impact
Photo: CNBC
TL;DR Summary

The U.S. trade deficit in October fell to its lowest since 2009, at $29.4 billion, driven by increased exports and decreased imports following Trump's tariffs, which appear to have curbed foreign goods' imports while boosting American exports, contributing positively to economic growth amid a resilient labor market and rising productivity.

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