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04 April 2020 The on-line newspaper devoted to the world of transports 20:35 GMT+2

February 22, 2002

US trade gap shrinks for first time in six years

David Teather in New York

The US trade deficit declined by 7.8% last year to $346bn as the recession dampened consumers' appetite for foreign-made goods.

The drop was the first in six years but the deficit was still the second highest in US history. The narrowing of the deficit came after a sharp increase during 2000 of 43.5% to $358bn.

Many economists predict the deficit will continue ......
Read more on The Guardian

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