America’s trade deficit narrowed unexpectedly in September, and the gap through the first nine months of the year was 12.2 percent smaller than a year earlier. President Donald Trump’s trade policies appear to be doing exactly what critics said they could not: shrinking the trade deficit.
The Commerce Department reported Wednesday that the deficit fell 0.7 percent to $105 billion, below the $108 billion economists expected. Exports increased 1.9 percent, outpacing a 1.2 percent rise in imports. Through September, the deficit was $92.4 billion smaller than during the same period last year.
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