U.S. Goods-Trade Gap Narrows

The shortfall in merchandise trade shrank 3.2 percent, to the smallest it's been in more than a year.

By Ana Monteiro | September 29, 2022 at 08:11 AM

Photo: Shipping containers at the Port of Los Angeles

The U.S. merchandise-trade deficit narrowed in August to the smallest since October 2021 as both imports and exports dropped, suggesting a tailwind for economic growth in the third quarter.

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