Trump Winning? US Trade Gap With China Tumbles To 5-Year Low | WHAT REALLY HAPPENED


Trump Winning? US Trade Gap With China Tumbles To 5-Year Low

Overall exports increased 1% to $212 billion, boosted by a 39% jump in soybean shipments. Imports climbed 1.1% to $262 billion on gains in oil, food, vehicles and pharmaceuticals. The overall merchandise-trade deficit widened 0.7% to $72.4 billion.

However, likely of more interest to President Trump, the trade gap with China shrank to $20.75 billion in March - the lowest since March 2014, offering the administration a chance to claim his tariff war is yielding the desired results just as negotiations reach a critical stage.

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