Posted AT 8:55 AM EDT on 09/05/08
U.S. trade deficit drops
WASHINGTON — The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending.
The Commerce Department reported Friday that the deficit totalled $58.2-billion (U.S.), down 5.6 per cent from February, a larger improvement than had been expected.
The smaller deficit reflected spreading weakness in the U.S. economy, which cut demand for imports by 2.
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