The US trade deficit widens in February.

The US trade deficit widened in February reaching a monthly record.

In relation to the deficit, this was $ 57.6bn, the largest monthly gap between exports and imports of goods and services since 2008, according to the US Department of Commerce.

With the attempt of several tactics on the part of the president Donald Trump to restore the balance between the imports and the American exports, it arrived at the numbers.

Reaching a deficit higher than what analysts predicted, given that services imports increased.
That reflected the payments made to broadcast the 2018 Olympic Games, the Commerce Department said.

Overall, February imports were $ 262bn, rising 1.7% from January amid ramped up spending on items such as civilian aircrafts, computers and food.
Exports also rose 1.7%, reaching $ 204.4bn over the month, driven by sales of oil and natural gas and automotive vehicles.

April 05, 2018
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