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International Business Times

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Beiyi SEOW

US Trade Gap Narrows In 2023 To Smallest In Three Years

United States Deficit China Mexico America

The overall US trade gap narrowed to its smallest in three years in 2023, according to government data (Credit: AFP)

The US trade deficit narrowed in 2023 to the smallest in three years, according to government data released Wednesday, while America bought more goods from Mexico than China for the first time in about two decades.

The latest figures add to a series of positive economic news for President Joe Biden, who has been working to boost sentiment on his handling of the economy as his November reelection campaign picks up pace.

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