U.S. Trade Deficit Shrinks as Global Economy Gathers Strength

Economists worry that the Trump administration's support for tougher trade protections could spark retaliatory measures.

The Washington Post
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The U.S. trade deficit dropped sharply in February compared with the previous month, data released Tuesday showed, as a stronger global economy helped stoke demand for American-made goods.

The trade deficit, the gap between U.S. imports and exports of goods and services, fell to $43.6 billion in February, down from $48.2 billion in January. The drop exceeded economists’ expectations by more than $1 billion.

U.S. goods exports to the rest of the world rose as shoppers in other countries purchased consumer goods, cars and other American-made products.

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