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US trade gap tops $68 billion, widest in almost a year

From thehill.com

The U.S. trade deficit widened to $68.9 billion in February, the largest disparity since last April, as import values exceeded exports by more than analysts were expecting. The trade gap on goods increased by $300 million to $91.4 billion while the export surplus on services decreased by $1.6 billion to $22.5 billion, according to Commerce Department data released Thursday. The total value of imports hit $331.9 billion while exports were $263 billion, marking an overall deficit expansion of 1.9 percent on the month. The trade gap spiked above $100 billion in 2022 in the aftermath of the pandemic after hovering around ... (full story)

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  • Category: Fundamental Analysis