The US trade deficit dropped nearly 15% in January compared to December, as imports of goods and services fell, the Commerce Department said today. 

The drop reversed most of the growth in the trade gap posted in the final month of 2018, a year that saw the deficit surge to a 10-year record, despite President Donald Trump's aggressive tariff policies.

US imports fell 2.6% of $258.5 billion while exports rose just under 1% to $207.3 billion to give a deficit of $51.1 billion. 

The deficit with China – the primary foe in Trump's trade wars – fell by $5.5 billion in the month, according to the report.