US trade deficit fall to its lowest level since October 2016 – Deutsche Bank

Deutsche Bank analysts note that the US trade deficit fell to $43.1bn in November (vs. $43.6bn expected), its lowest level since October 2016 before President Trump’s election.

Key Quotes

“Data also showed the goods deficit with China fell to $25.6bn, which was the lowest since April 2013. Reducing the US trade deficit has been a key policy goal for President Trump, and it comes ahead of next week’s expected signing of the Phase One US-China trade deal, which is taking place on the 15th.”