U.S. Trade Deficit Widens in February, Narrowing May Be on Horizon

Source: Economics Group of Wells Fargo Bank, N.A.Summary Trade flows reversed in February, and a larger drop in exports than imports caused the U.S. trade deficit to widen for the third straight month. But with global activity improving and the U.S. economy slowing, conditions may soon support a narrowing in the trade deficit. Trade Flows Remain Volatile, but Are Slowing The U.S. deficit in international trade widened to $70.5 billion in February from $68.7 billion in January (chart). Both exports and imports declined, but a more modest drop in imports (-$5.0 billion) than exports (-$6.9 billion) resulted in a wider deficit. These data are not adjusted for inflation. READ FULL ARTICLE>>