In February, the US trade deficit widened to $68.9bn, its largest since April 2022, with imports exceeding exports.

The US trade deficit widened to $68.9bn in February, its largest shortfall in nearly a year, as the value of imports exceeded exports. The deficit in goods and services trade expanded 1.9% from the prior month. The wider trade deficit in February matches the largest gap between imports and exports since April 2022. This indicates trade could be a drag on economic growth in the first quarter.