The US Records Biggest Trade Deficit since October 2022

The US trade deficit was $70.5 billion in February, the largest since October 2022. The US trade deficit widened for a third straight month in February as exports fell more than imports. Data from the US Department of Commerce on Wednesday showed the goods and services trade deficit rose 2.7% to $70.5 billion, the largest deficit in four months. Imports fell 1.5 percent to $321.7 billion, while exports fell 2.7 percent to $251.2 billion.