US Trade Deficit in 2023 Dropped 19%, as Goods Deficit with China Plunged 29%: Imports & Exports of Goods & Services

The US trade deficit in goods and services in the year 2023 improved by 19%, or by $178 billion, from 2022, according to the Census Bureau today. “Got less horrible” might be a better term. At $773 billion, the total trade deficit was the least horrible since 2020...