US trade gap tops $68 billion, widest in almost a year
In February, the U.S. trade deficit widened to $68.9 billion, marking the largest gap since April of the previous year. Import values surpassed exports by more than anticipated by analysts.
The trade gap on goods increased to $91.4 billion, while the export surplus on services decreased to $22.5 billion, according to Commerce Department data released on Thursday.
The total value of imports reached $331.9 billion, while exports stood at $263 billion, resulting in an overall deficit expansion of 1.9 percent for the month.
After the pandemic, the trade gap soared above $100 billion in 2022 but had been showing signs of normalization until last August when it started rising once more.
Despite discussions surrounding supply chain disruptions and shifts in U.S. trade policy, analysts suggest that most supply disruptions have been resolved, The Hill has reported.
READ MORE: https://thehill.com/business/4574316-us-trade-gap-tops-68-billion-widest-in-almost-a-year/
Visit My Website
https://bcbegley.com
Follow Me On Facebook
https://www.facebook.com/B.C.Begley
Subscribe To My Patreon
https://www.patreon.com/bcbegley
Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A
Follow Me On Twitter
https://twitter.com/BC_News1
Watch Me On Rumble
https://rumble.com/c/c-280191
Follow Me On Gab
https://gab.com/BC_Begley
Subscribe To The Apocalypse Watch App
https://newapocalypsewatch.com
-
0:59
B.C. Begley
21 hours agoNASA’s Mars rover to begin ‘most challenging’ journey up crater rim
59 -
1:20:38
Kim Iversen
5 hours agoPLANdemic 2.0: “MPox" Now Spreading To Europe and Asia, WHO Declares It An Emergency, What You Need To Know
47.1K86 -
1:38:24
Glenn Greenwald
6 hours agoMedia Coverage Restricted as DNC Kicks-Off in Chicago; Michael Tracey joins from the DNC; PLUS: Censorship Regime Keeps Escalating in the West | System Update #317
67.4K84 -
1:40:48
Donald Trump Jr.
8 hours agoDNC off to Dismal Start, What’s Next? Plus, Taking Your Questions Live! | TRIGGERED Ep.166
148K508 -
59:14
The StoneZONE with Roger Stone
3 hours agoCan Kamala Really Win? Top Dem Strategist Hank Sheinkopf Enters The StoneZONE to Discuss
42.7K5 -
LIVE
Total Horse Channel
18 hours agoRegion 14 Arabian & Half-Arabian Championship Show | Monday Night Stream
392 watching -
57:40
Patriots With Grit
1 day agoAmerica's Broken Elections: Descending Us Into Chaos | Catherine Engelbrecht
31.8K2 -
LIVE
FusedAegisTV
7 hours agoWFH InfoWARZ #46 | DNC Day 1, Protests Getting Spicy in Chicago, Bidens and Hillary Speak Tonight
471 watching -
1:40:57
2 MIKES LIVE
5 hours ago2 MIKES LIVE #105 Deep Dive Monday with Author Leo Lyon Zagami!
35.2K -
2:24:32
WeAreChange
6 hours agoMonkeypox Patients vs Palestine Supporters — Dems’ Implosion Coming?!
67K30