Beneficial Balance

The US goods and services trade deficit shrank to $43.1 billion in November, its lowest level since 10/16 when it was just $42 billion. And, our trade deficit with China over the last 12 months is $358 billion, down from $420 billion for the year ending 12/18. Separately, after hurting GDP growth through September of this year, trade is expected to boost 19Q4 GDP by at least 1.2 percentage points.

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