U.S. Trade Deficit Falls Sharply, Down 57.6 Percent From a Year Earlier

The U.S. trade deficit narrowed sharply in January, falling by more than half from a year earlier in a report that offered the clearest sign yet of how dramatically America’s trade position has shifted during President Donald Trump’s first year back in office.

The Commerce Department said Thursday that the goods and services deficit fell to $54.5 billion in January, down from $128.4 billion in the same month a year ago. That marked a decline of $73.9 billion, or 57.6 percent.

Exports rose to $302.1 billion in January, up $28.4 billion, or 10.4 percent, from a year earlier. Imports fell to $356.6 billion, down $45.5 billion, or 11.3 percent.

The…

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