Jump in US Exports Narrows Trade Deficit by 25 Percent

Tariffs and a weaker U.S. dollar bolster American exports and ease purchases of foreign goods.

A shipping vessel off the coast of Seal Beach, Calif., in this file photo. John Fredricks/The Epoch Times

The U.S. trade deficit started the new year narrowing sharply as a weaker dollar and sweeping global tariffs tackled the imbalance.

In January, the goods and services trade deficit declined by 25.3 percent from the previous month to $54.5 billion, according to new data released by the Bureau of Economic Analysis on March 12. This is also down year over year. Economists had penciled in an imbalance of $66.6 billion.