The latest data released by the US Department of Commerce shows that the US trade deficit narrowed slightly in March. The trade deficit, which is the difference between the value of goods and services that a country imports and the value of goods and services that it exports, decreased by a modest amount during the month.
According to the report, the trade deficit fell to $44.4 billion in March, down from $47.1 billion in February. This decrease was primarily driven by a decline in imports, which dropped by 2.1% to $232.0 billion. Exports also saw a slight decrease, falling by 1.1% to $187.6 billion.
