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The U.S. trade deficit widened in February after imports rebounded, slightly offsetting continued export growth, according to new data from the Bureau of Economic Analysis released on April 2.
The international trade in goods and services deficit rose by nearly 5 percent, totaling $57.3 billion.
Economists had forecast a $59.2 billion shortfall.
In the first two months, the goods and services trade gap declined by nearly 55 percent, or $136.1 billion, from the same period a year ago.
Exports have increased by more than 11 percent, while imports have fallen by more than 9 percent.
The latest data were released exactly one year after President Donald Trump unveiled his sweeping global tariffs on foreign goods entering the United States. They were struck down by the Supreme Court in February, but the president introduced a universal 10 percent tariff shortly after for 150 days….
The international trade in goods and services deficit rose by nearly 5 percent, totaling $57.3 billion.
Economists had forecast a $59.2 billion shortfall.
In the first two months, the goods and services trade gap declined by nearly 55 percent, or $136.1 billion, from the same period a year ago.
Exports have increased by more than 11 percent, while imports have fallen by more than 9 percent.
The latest data were released exactly one year after President Donald Trump unveiled his sweeping global tariffs on foreign goods entering the United States. They were struck down by the Supreme Court in February, but the president introduced a universal 10 percent tariff shortly after for 150 days….
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