The BEA's Advance International Trade report shows the deficit in February rose by 0.1 percent to $75.4 billion. However, the BEA revised January from a deficit of $74.4 billion to a deficit of $75.3 billion.
- The international trade deficit was $75.4 billion in February, up $0.1 billion from $75.3 billion in January.
- Exports of goods for February were $136.5 billion, $2.9 billion more than January exports.
- Imports of goods for February were $211.9 billion, $3.0 billion more than January imports.
Effectively, the deficit increased by $1.0 billion, 1.3% not 0.1%.
The widening deficit is sure to bring howls from Trump.
Mike "Mish" Shedlock