The U.S. trade deficit unexpectedly shrank to its lowest level since mid-2009 in October, falling to $29.4 billion. This contraction was driven by a significant decrease in imports, particularly consumer goods and industrial supplies, which some analysts attribute to President Trump's tariffs and softening domestic demand. Exports also saw an increase, reaching a record high. This development could potentially contribute positively to U.S. economic growth in the fourth quarter.