12/23/2024

Foreign Trade Seen Weighing on Growth

Global weakness continued to act as a brake on the U.S. economy in early 2016, with a widening trade gap holding down broader growth.

The U.S. trade deficit in February increased 2.6% from January to a seasonally adjusted $47.06 billion, its highest level since August, the Commerce Department said Tuesday. Exports of goods and services rose 1%, the largest gain since September, but were down 4.2% from a year earlier. Imports climbed…

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