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U.S. Imports Boosted by Broadcasters Paying for Olympic Rights

Kim's Sister Heartily Cheers Unified Korea Team: Olympic Update
Photographer: SeongJoon Cho/Bloomberg

The 2018 Winter Olympics in South Korea stole the show from any tariff talk in the latest U.S. trade report.

Payments for the use of foreign intellectual property spiked to a record $5.2 billion in February, according to Commerce Department data Thursday, echoing past jumps recorded in months with the Olympic games as broadcasters buy rights to televise the event. The increase contributed to a total of $47.8 billion in services imports as the U.S. trade deficit widened for a sixth straight month.