Zero Hedge — US Trade Deficit Drops To $39 Billion, Lowest Since December 2013 As Imports, Exports Decline

Exports fall off due to declining global economy other than the US. Imports decrease owing to shale oil boom in US, which is now declining, too, and should show up later in 2015. The global economy shows no sign of turning around soon with the EM's struggling, the oil exports taking a hit, and the EZ now in deflation with no prospect for getting out fiscally under the current rules. The declining trade deficit will likely also reduce foreign demand for US Treasuries. The question is whether the US can decouple.

Zero Hedge
US Trade Deficit Drops To $39 Billion, Lowest Since December 2013 As Imports, Exports Decline

Tyler Durden