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US Trade Deficit Narrows Unexpectedly

US Trade Deficit Narrows Unexpectedly
Image by Michael Barera
Frontiers of Flight Museum December 2015 048 (Boeing 787 Dreamliner model)

The U.S. trade deficit unexpectedly narrowed in February with an imbalance of -$49.4 billion vs consensus estimate of -$53.5 billion. The shift was mainly due to higher aircraft exports, which highlights the importance to the American economy of Boeing, and the current problems with the 737 Max 8 aircraft after several fatal crashes.

The development could be signaling a sea change in global trade patterns as the Trump administration’s policies begin to take effect in the reported trade data.

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