Record Exports Cut US Trade Deficit
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2018-05-03 HKT 20:55
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Record exports trimmed the US trade deficit in March, the first drop in seven months in a massive gap that President Donald Trump is determined to shrink with an aggressive America first policy.
The Commerce Department said the deficit - the difference between what America sells and what it buys in foreign markets - slid to US$49 billion, down from $57.7 billion in February and the lowest since September.
Trump has vowed to bring down America's massive deficits, which he blames on bad trade agreements and abusive practices by US trading partners.
Exports rose in March to a record US$208.5 billion, led by shipments of civilian aircraft and soybeans. Imports slipped 1.8 percent to US$257.5 billion. (AP)
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