The U.S. trade deficit pulled back in January from the widest level in a decade as imports from China plunged, suggesting American companies had been rushing shipments the prior month to beat an expected tariff boost.
The deficit in goods and services narrowed to $51.1 billion, the Commerce Department said Wednesday (March 27), smaller than the median estimate of economists. Imports fell 2.6 percent while exports rose 0.9 percent. The merchandise-trade gap with China — the target of President...