US trade deficit jumps 4.8% to $71.1 billion in February

US trade deficit jumps 4.8% to $71.1 billion in February US trade deficit jumps 4.8% to $71.1 billion in February |  Photo: WDIO/MGN

MATT OTT AP Business Writer
Created: April 07, 2021 09:12 AM

SILVER SPRING, Md. (AP) - The U.S. trade deficit grew to a record $71.1 billion in February, as a decline in exports more than offset a slight dip in imports. The gap between what America buys from abroad compared to what it sells abroad jumped 4.8% above the revised January deficit of $67.8 billion, the Commerce Department said Wednesday.

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

The February goods deficit of $88 billion was also a record.

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MATT OTT AP Business Writer

Copyright 2021 The Associated Press. All rights reserved.

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