U.S. goods trade deficit, excluding SI-related goods, fell to 1.6% of GDP on a trailing 12-month basis, the lowest reading on record. Scott Bessent said the dat

U.S. goods trade deficit, excluding SI-related goods, fell to 1.6% of GDP on a trailing 12-month basis, the lowest reading on record. Scott Bessent said the data points to a shift from past periods of heavier reliance on cheaper foreign consumer goods.