U.S. Trade Deficit Drops in March
he U.S. trade deficit fell to $55 billion in March from an all-time high of $61 billion in February, the Commerce Department reported Tuesday.
The figure surprised analysts, who had projected another monthly deficit in excess of $61 billion, Bloomberg reported.
Trucks are used both to deliver imports to local stores and to move exports from factories to airplanes or ships for overseas shipment.
Imports fell 2.5% in March, to a three-month low of $157.2 billion. Exports rose 1.5% to $102.2 billion, Commerce reported.
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