Trade deficit falls to $63.9 billion in September

FAN Editor

The U.S. trade deficit fell in September after hitting a 14-year high the previous month as exports outpaced imports

SILVER SPRING, Md. — The U.S. trade deficit fell in September after hitting a 14-year high the previous month as exports outpaced imports.

The politically sensitive deficit in the trade of goods with China fell about 8% in September to $24.3 billion from $26.4 billion in August. Exports to China in September of $11.5 billion were the highest since March of 2018.

But despite Trump’s confrontational approach on trade with China and a renegotiation of the North American Free Trade Agreement with Canada and Mexico, America’s trade deficits have remained stubbornly high, although the deficit with Mexico fell by $1.8 billion to $10.7 billion in September.

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