Washington, Oct 6 (Prensa Latina) The United States trade deficit shrank 2.7 percent in August, compared to the previous month''s revised data, when it slightly rose, the Department of Commerce reported.
According to the report, the trade deficit, which measures the gap between what the United States imports and what it exports, narrowed to 42.4 billion dollars in August, the lowest level in nearly a year and down 1.2 billion dollars from July.

The current trend shows that the United States is gearing to exceeding a trade deficit of nearly 505 billion dollars in 2017.

Exports in August totaled 195.3 billion dollars (an increase of 0.4 percent), while imports came to 237.7 billion dollars.

U.S. President Donald Trump signed two executive orders in late March to reduce the trade deficit and to point to the nations and products responsible for such a problem.

One of the decrees granted a 90-day period to federal institutions to review commercial actions that do not benefit the United States in the way that it should.

From that moment on, those who break the rules will face the most severe consequences, Donald Trump said at the official ceremony at the Oval Office in the White House.