| December 5th, 2019 9:17 AM
US trade gap narrows 7.6% to $47.2 billion in October
WASHINGTON (AP) — The U.S. trade deficit narrowed in October as imports fell faster than exports. The politically sensitive trade gap with China dropped.
The Commerce Department said Thursday that the gap between what America sells and what it buys abroad dropped 7.6% to $47.2 billion in October. Imports tumbled 1.7% to $254.3 billion on reduced purchases of foreign oil, cars and auto parts and pharmaceuticals.