The U.S. Commerce Department has reported that the gap between what the U.S. sell and what it buys abroad fell 1.7% in 2019, to $616.8 billion. U.S. exports fell <-0.1%> to $2.5 trillion. However, imports fell more, slipping <-0.4%> to $3.1 trillion. Imports of crude oil dropped <-19.3%> to $ 126.6 billion. The deficit in the trade of goods with China narrowed last year by 17.6% to $345.6 billion. The result of the administration imposing tariffs on $ 360 billion worth of imports coming from China.
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US trade deficit shrinks in 2019 for first time in six years