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down from 55. $7 billion in october. it had been going up for five months in a row. now shrinking. the president's tariffs on chinese goods began in july. a lower deficit, that is good news for the president. but this isn't. farm bankruptcies are on the rise. the "wall street journal" reporting bankruptcies in three regions covering major farm states last year rose to the highest level in at least a decade. the president's trade negotiators will head to beijing next week to continue their trade talks as the clock runs down ahead of the march 1 deadline. robert lighthizer and steve mnuchin will travel for round three of negotiations. president trump has threatened to jack up existing tariffs if the two sides complaint reachar

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