US trade gap narrows in February ahead of bulk of Trump tariffs

US trade gap narrows in February ahead of bulk of Trump tariffs

The US trade deficit narrowed in February, according to government data released Thursday that was collected before President Donald Trump launched his most recent salvo of punishing worldwide tariffs.

US trade deficit narrows in February

WASHINGTON (Reuters) - The U.S. trade deficit narrowed in February, but the level of imports remained elevated after businesses front-loaded goods to avoid higher prices from tariffs, keeping trade on track to be a drag on economic growth in the…

US Trade Gap Shrinks on Export Boost as Imports Stay Elevated

The US trade deficit shrank in February from a record at the start of the year as stronger exports blunted the impact of a rush to secure goods and materials before…

US Trade Gap Narrows In February Ahead Of Bulk Of Trump Tariffs

The US trade deficit narrowed in February, according to government data released Thursday that was collected before President Donald Trump launched his most recent salvo of punishing worldwide tariffs.

US trade gap narrows in February ahead of bulk of Trump tariffs #Canadian #CDNNews #CanadaNewsToday #CanadianBusiness

The US trade deficit narrowed in February, according to government data released Thursday that was collected before President Donald Trump launched his most recent salvo of punishing worldwide tariffs. The overall trade gap of the world’s biggest economy shrank 6.1 percent to $122.7 billion, said the Commerce Department, slightly more than analysts expected. In February, Trump unveiled — then halted — sharp tariffs on Canada and Mexico, while im…

The US trade deficit, which Donald Trump is trying to reduce by imposing a mountain of new tariffs, fell slightly in February after hitting the previous month's record high, but remained very high.