WASHINGTON - The U.S. trade deficit widened to a record high in February as economic activity rebounded more quickly than the nation's global rivals and could remain elevated this year, with massive fiscal stimulus expected to spur the fastest growth in nearly four decades. The Commerce Department said on Wednesday that the trade gap increased 4.8% to a record $71.1 billion in February.
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U.S. trade deficit hits record high as economy gains speed
The U.S. trade deficit surged to a record high in February as the nation's economic activity rebounded more quickly than that of its global rivals and could remain elevated this year, with massive fiscal stimulus expected to spur the fastest growth in nearly four decades. The economy is roaring as increased COVID-19 vaccinations and the White House's $1.9 trillion pandemic rescue package boost domestic demand, a chunk of which is being satiated…
US Trade Deficit Jumps 4.8% to $71.1 Billion in February
The February gap between what America buys from abroad compared to what it sells abroad jumped 4.8 per cent the revised January deficit of $67.8 billion.
WASHINGTON - The U.S. trade deficit widened to a record high in February as economic activity rebounded more quickly than the nation's global rivals and could remain elevated this year, with massive fiscal stimulus expected to spur the fastest growth in nearly four decades. The Commerce Department said on Wednesday that the trade gap increased 4.8% to a record $71.1 billion in February.
US trade deficit jumps 4.8% to $71.1 billion in February
SILVER SPRING, Md. (AP) - The U.S. trade deficit grew to a record $71.1 billion in February as a decline in exports more than offset a slight dip in imports.The February gap between what America buys from abroad compared to what it sells abroad jumped 4.8% above the revised ...