US trade deficit narrows 6.1% in Feb, levels of import remains high

Quick Summary:

Imports of services increased $0.5 billion to a record high $72.2 billion.

Exports of services decreased $0.4 billion to $96.5 billion amid declines in transport, travel, and government goods and services.

Consumer goods imports increased $2.4 billion to an all-time high, lifted by cellphones and other household goods as well as pharmaceutical preparations.

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Article Details

Category: BusinessFinance

Markets: IndiaUnited States

Topics: Imports February 2025 Commerce Department Trade gap US trade deficit Trump tariffs Exports Tariffs Economic growth Industrial supplies US economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 19:42:32 (22 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 659 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27565388

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Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 3 hours ago

Coverage Areas: India

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