The U.S. trade position worsened in February, raising the stakes in the Trump administrationâ€™s intensifying effort to narrow the gap between what the U.S. imports and what it sells abroad.
The trade deficit in goods and services rose to $57.6 billion in February, the Commerce Department said Thursday, the sixth straight monthly increase and the widest the gap has been since October 2008, when it was $60.2 billion and the U.S. was deep in recession.
For the first two months of the year, the deficit was $114.3 billion, 23% wider than a year earlier. Imports were up $44 billion, or 9.1%, for the first two months of the year from a year earlier. Exports grew 5.9%, or $22 billion, in the first two months of the year from a year earlier.View Article