US Trade Deficit Surpasses $68 Billion in February, Impacting Key Sectors
Thursday, 4 April 2024, 14:32
US Trade Deficit Widens to $68.9 Billion
The U.S. trade deficit reached $68.9 billion in February, surpassing expectations and marking the largest gap in almost a year. Import values outpaced exports, contributing to the widening disparity.
Key Findings:
- The trade gap on goods increased to $91.4 billion.
- Export surplus on services decreased to $22.5 billion.
- Total imports hit $331.9 billion while exports were $263 billion.
Despite concerns, supply chain disruptions have eased, and trade flows are under minimal stress according to the Federal Reserve's index. However, Republican criticism of U.S. agricultural trade strategies continues to rise, fueled by declining export figures in key sectors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.