U.S. international trade activity fell 1.0% year over year in January, though there was a 3.7% reduction in the trade deficit – the Trump administration’s preferred trade metric where a lower number is seen as preferable. Trade with China continued to decline, but appears to have moved as a result of U.S. trade policy. The U.S> trade deficit with China fell 4.1% year over year to $34.5 billion, the first decline since Feb. 2017, just ahead of a resumption of talks this week between U.S. Trade Representative Robert Lighthizer and China’s Vice Premier Liu He. Those talks will seek to ba...