U.S. Trade Deficit Narrows 8.4% To $41.8 Billion In January

The U.S. trade deficit narrowed in January after hitting a two-year high in December. The nation's trade gap narrowed 8.4% to $41.8 billion from revised $45.6 billion in December, the Commerce Department said Friday. Economists surveyed by MarketWatch had forecast a total deficit of $40.6 billion. In January, overall exports slipped 2.9% to a seasonally adjusted $189.4 billion. Imports decreased 3.9% to $231.2 billion.