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US Trade Deficit Widened in February by Less Than Forecast
Imports and exports both rose, but goods imports jumped 5.0% and exports reached a record $314.8 billion, Commerce Department data showed.
- The United States trade deficit in goods and services grew 4.9 per cent to US$57.3 billion in February, Commerce Department data released Thursday showed, beating the median estimate of US$61 billion from a Bloomberg survey.
- Imports increased 4.3 per cent on more inbound shipments of computers, semiconductors and automobiles, while exports rose 4.2 per cent driven by gold and natural gas shipments, with goods imports reaching an almost one-year high.
- The United States merchandise-trade deficit with China widened to US$13.1 billion, while the shortfall with Mexico grew and the gap shrank with Canada to its smallest since the pandemic.
- On an inflation-adjusted basis, the merchandise trade deficit widened to US$83.5 billion in February, as the Federal Reserve Bank of Atlanta GDPNow forecast indicated net exports subtracted about a quarter percentage point from first-quarter GDP.
- A year since President Donald Trump unveiled his aggressive tariff regime, monthly swings in the trade balance continue to reflect the policy rollout, while the White House was quick to replace some import duties following the ruling.
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The US trade deficit grows in February due to the rise in imports. BEA data and balance by country with Taiwan and Mexico.
US Trade Deficit Widens Despite Exports Reaching Record High
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 bi…
·New York, United States
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Coverage Details
Total News Sources16
Leaning Left2Leaning Right4Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
15%
C 54%
R 31%
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