US Trade Deficit Hits 3-Year Low: ‘Trump’s China Hard Line Is Working,’ Expert Says

The U.S. flag flies over Chinese shipping containers that were unloaded at the Port of Long Beach, in Los Angeles County on Sept. 29, 2018. Mark Ralston/AFP/Getty Images

The United States’ November 2019 trade deficit fell to its lowest point in more than three years, suggesting the Trump administration’s agenda to recalibrate international flows of goods and services is having an impact.

The trade deficit fell 8.2 percent to $43.1 billion, the lowest since October 2016, the Commerce Department said on Jan. 7 (pdf).