The U.S. trade deficit fell from $61.7 billion in February to $58.2 billion in March, continuing a trend that started in 2006. The drop in March reflects slower domestic demand as imports fell 2.86 percent. Exports, which have been very strong recently, fell 1.71 percent in the month. However, export growth likely will rebound in the coming months as the falling dollar makes U.S. goods cheaper for foreign consumers. As such, the trade deficit probably will continue to narrow.
