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.
