"U.S. Trade Deficit Hits 12-Month High, Widens to $68.9 Billion"
TL;DR Summary
The US trade deficit widened to $68.9 billion in February, the largest since April 2023, with imports surpassing exports by more than expected. The trade gap on goods increased to $91.4 billion, while the export surplus on services decreased to $22.5 billion. Despite discussions about supply disruptions and trade policy, analysts note that supply chains have mostly resolved, with the Federal Reserve's global supply chain pressure index indicating little stress on trade flows. Frustration among Republicans has been brewing over the decline in agricultural exports, with soybean, wheat, and dairy product exports showing significant drops in February.
- US trade gap tops $68 billion, widest in almost a year The Hill
- US trade deficit widens in February on strong imports Reuters
- US Trade Gap Widens to $68.9 Billion, Largest in Nearly a Year Bloomberg
- U.S. trade deficit widens for third straight month in February MarketWatch
- Trade Deficit Rose by $1.3 Billion in February Floor Focus
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