The US trade deficit widened to a record high in February due to the difference in the recovery of economies after the Corona crisis
According to Reuters, the deficit jumped 4.8% to a record $71.1 billion and could remain at that level for the rest of the year.
Total imports fell 0.7% to $258.3 billion. Imports of goods fell 0.9% to $219.1 billion. These figures reflect supply chain constraints.
“Cargo ships have been forced to anchor outside the ports of Los Angeles and Long Beach, through which about a third of imports pass, as ports struggle to unload incoming ships”, – said Jay Bryson, chief economist at Wells Fargo Securities in Charlotte, North Carolina.
Adjusted for inflation, the goods trade deficit widened to a record $99.1 billion in February from $96.1 billion in January.EU regulator recognises link between AstraZeneca vaccine and cases of thrombosis