The U.S. trade deficit fell 1.6% in October to $43.5 billion. This was the lowest level so far this year and the fourth straight month that the trade deficit has narrowed. Exports and Imports declined in October. Imports declined due to the decline in petroleum imports. Exports dropped 0.8% to $179.2 billion and imports fell 1% to $222.6 billion in October. Economists are concerned about the fall in imports as it indicates that consumers are not making enough purchases. Read more
