Growing exports pushed down the trade deficit in the second quarter, signalling U.S. economic strength. Sharon Nunn reported in The Wall Street Journal:
- “The trade gap narrowed to $101.46 billion in the second quarter from $121.71 billion in the first quarter”
- “Another part of the report showed companies have continued to move overseas money back into the U.S. at an elevated pace.”
- “A Wall Street Journal analysis previously found publicly traded U.S. companies were repatriating foreign cash faster than before the tax overhaul”
- “The overall deficit fell to 2% of current-dollar gross domestic product in 2018’s second quarter from 2.4% in the first three months of this year.”
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