U.S. Trade Deficit Narrowed in November
The foreign-trade gap in goods and services fell 11.5% from the prior month, the Commerce Department said
WASHINGTON—The U.S. trade deficit unexpectedly narrowed in November to its smallest amount in five months, driven by a drop in imports, especially from China.
The foreign-trade gap in goods and services fell 11.5% from the prior month to a seasonally adjusted $49.3 billion in November, the Commerce Department said Wednesday. Economists surveyed by The Wall Street Journal had expected the deficit to hit $54.3 billion.
Imports...