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Trade war

US trade deficit with China drops for first time in 7 months

Figure declined 7.4% in November as sanctions shrank imports

Despite aggressive new tariffs, the U.S. is on track for a record trade deficit with China for 2018.   © Reuters

WASHINGTON -- The U.S. goods trade deficit with China fell for the first time in seven months in November, falling 7.4% from the previous month to $35.36 billion, Commerce Department data out Wednesday shows.

The decrease came largely from a 6.4% drop in imports from the Asian country. Businesses rushed to get shipments through before the Trump administration's additional 10% tariff on $200 billion of Chinese products took effect that September. This ate into demand for subsequent months.

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