US Trade Gap Widens to $68.9 Billion, Largest in Nearly a Year
- February shortfall grew as value of imports exceeded exports
- Merchandise trade deficit with Mexico climbed to a record
Shipping containers at the Port of Los Angeles.
Photographer: Eric Thayer/BloombergThis article is for subscribers only.
The US trade deficit widened in February for a third month as the value of imports exceeded exports.
The deficit in goods and services trade expanded 1.9% from the prior month to $68.9 billion, the largest shortfall in nearly a year, Commerce Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for a $67.6 billion gap.