The U.S. trade deficit made a sharp and unexpected pullback in October, reaching its lowest level since 2009 as goods imports dropped while President Donald Trump’s tariffs took hold, government data showed Thursday.

The overall trade gap plunged 39% to $29.4 billion in October, said the Department of Commerce, as imports dropped by 3.2%.

The deficit was significantly smaller than a $58.4 billion median forecast from surveys of economists by Dow Jones Newswires and The Wall Street Journal.

While U.S. exports rose by $7.8 billion in October to $302.0 billion, imports dropped by $11.0 billion to $331.4 billion.

Read the article.