News18» News»Business»US Trade Deficit Jumps 4.8% to $71.1 Billion in February
1-MIN READ

US Trade Deficit Jumps 4.8% to $71.1 Billion in February

Representative image.

Representative image.

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.

The US trade deficit grew to $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 per cent the revised January deficit of $67.8 billion, the Commerce Department said Wednesday.

The increase reflected a 2.6 per cent decline in exports of goods and services to $187.3 billion on a seasonally adjusted basis. That wiped out a 0.7 per cent decline in imports, which ticked down 0.7 per cent from January's record high of $260.1 billion.

Read all the Latest News and Breaking News here

first published:April 07, 2021, 19:16 IST