U.S. goods trade deficit falls to three-year low

Here is something that MAGA Country will celebrate: The goods trade balance narrowed for the third straight month in November.

According to the U.S. Census Bureau, the trade deficit fell from $66.8 billion in October to $63.19 billion in November. The market had penciled in a reading of $68.75 billion.

This is the smallest trade gap since December 2016.

So, what is driving the decline? Well, exports rose and imports fell.

The U.S. exported more vehicles (3.4 percent), consumer goods (2.6 percent), capital goods (1.3 percent) and foods, feeds, & beverages (2.0 percent). Meanwhile, the U.S. imported less consumer goods (-2.2 percent), capital goods (-2.0 percent), industrial supplies (-1.5 percent), foods, feeds, & beverages (-1.3 percent).

When the goods trade deficit was $79.79 billion.

Prepare yourselves. The protectionists are coming…