U.S. trade deficit narrows to $73.8 billion in October, driven by a drop in imports.

The U.S. trade deficit fell more than expected in October, dropping to $73.8 billion from $83.8 billion in September, according to the Commerce Department. The decrease was largely due to a 4% drop in imports to $339.6 billion, while exports fell 1.6% to $265.7 billion. Despite this improvement, economists predict imports will still outpace exports in the fourth quarter.

December 05, 2024
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