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US trade deficit in goods near record levels

2022-03-28T16:29:56.935Z


Washington, SANA- Official data showed that the merchandise trade deficit of the United States in February remained near its highest level


Washington-Sana

Official data showed that the US merchandise trade deficit in February remained near an all-time high, indicating that trade will have a negative impact on economic growth in the first quarter.

Reuters quoted the US Department of Commerce as saying in a statement today, "The deficit fell 0.9 percent to 106.6 billion dollars, after the goods trade deficit had recorded its highest level ever at 107.6 billion dollars last January."

Exports rose 1.2 percent to $157.2 billion, covering a 0.3 percent increase in imports to $263.7 billion.

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Source: sena

All business articles on 2022-03-28

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