Posted 4/4/2024, 2:32:00 PM
U.S. Trade Deficit Jumps to $68.9 Billion in February, Largest Gap Since April as Imports Surge
- U.S. trade deficit widened to $68.9 billion in February, the largest since April 2022
- Total import value hit $331.9 billion, exports were $263 billion
- Trade gap has spiked above $100 billion since the pandemic, after hovering around $40 billion
- Supply chain disruptions have mostly resolved, with Fed index near zero
- Republican senators frustrated with U.S. agricultural trade strategy under USTR Katherine Tai
