U.S. Trade Deficit Falls From Record
he U.S. trade deficit declined from a record in January to $6.75 billion in February, the Commerce Department said Wednesday.
The monthly trade gap narrowed by 4.1% from the record $68.6 billion the previous month, Commerce said.
Economists had forecast the deficit to fall to $67.5 billion, Bloomberg reported.
The trade gap with China narrowed to $13.8 billion, the smallest in 11 months, from $17.9 billion in January.
.S. exports fell to $113 billion, from $114.3 billion the previous month.
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