U.S. Trade Deficit Widens Less Than Expected In February

The Commerce Department reported the U.S. trade deficit widened in February, but the increase was smaller than expected. The softer-than-anticipated rise in the trade gap may modestly reduce near-term concerns about trade-related drag on GDP and import/export flows, implying limited market impact.

Analysis

The Commerce Department reported the U.S. trade deficit widened in February, but the increase was smaller than expected. The softer-than-anticipated rise in the trade gap may modestly reduce near-term concerns about trade-related drag on GDP and import/export flows, implying limited market impact.