US TRADE DEFICIT WIDENS TO RECORD $71.1 BN IN FEBRUARY

Highlights

• According to the Commerce Department data released on Wednesday, the gap in trade of both goods and services went up to a sum of $71.1 billion in February from a revised $67.8 billion a month prior

• On the other hand, total imports went down by 0.7% to $258.3 billion and exports by 2.6% to $187.3 billion

The US trade deficit in the month of February had widened to a record high courtesy of ....