Terms of Trade
The U.S. Trade Deficit Is Narrowing for Reasons That Aren’t All Good
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On the surface, the latest numbers show President Donald Trump may be poised to deliver on one of his biggest economic promises: reducing the annual U.S. trade deficit with China and the world. Dive into the numbers, though, and that accomplishment comes with plenty of caveats and even some worrying signs for the U.S. economy.