U.S. trade gap decreases due to decrease in imports

The U.S. trade deficit dropped sharply in October to its lowest level since 2009, with imports falling under President Trump’s tariffs, according to government data. The overall trade gap decreased by 39% to $29.4 billion, lower than economists’ forecasts. U.S. exports rose while imports dropped, influenced by Trump’s tariff policies. A Supreme Court ruling could impact businesses owed refunds for import duties.

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