πŸ“ˆ Economics

Why has the US trade deficit narrowed recently ?

1 answers
Michael CombaOxford graduate and experienced tutor.17.5k students helped

The US trade deficit actually recently recorded its first rise in four months. Prior to this, the narrowing largely should stemmed from increases in agricultural exports. Farmers, in anticipation of new tariffs, particularly on soybean products, imposed by China had rushed to ensure the completion of new trade contracts prior to their introduction.