US trade deficit falls in February as shortfall with China decreases 28% - Paycheck

US trade deficit falls in February as shortfall with China decreases 28%

US trade deficit falls in February as shortfall with China decreases 28%

The U.S. goods and services deficit with its global trading partners fell to $49.4 billion in February, its lowest level since June 2018 and well below estimates, the Commerce Department reported Wednesday. Economists surveyed by Dow Jones expected the U.S. trade deficit in February to increase to $53.8 billion from $51.1 billion in January.

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