Rising Exports Help Ease U.S. Trade Gap

The U.S. trade gap eased 7.6 percent in October thanks to a surge in exports, reports the Department of Commerce. The total trade gap in goods and services reached $32.9 billion in October, down from a revised $35.7 billion in September. Most analysts had expected the deficit would grow to $36.8 billion. Meanwhile, the U.S. trade gap with China continued to widen, to $22.7 billion, its highest level in a year. The gap with China accounts for more than two-thirds of the U.S. trade deficit.

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