US Trade Deficit Widens to Largest Gap Since April 2023

Latest trade numbers could negatively affect first-quarter GDP data.

Cargo awaits unloading from ships off the Port of Long Beach, Calif., on Oct. 27, 2021. John Fredricks/The Epoch Times

The U.S. international trade deficit has widened at a larger-than-expected pace and ballooned to the highest level in 10 months, according to new data from the Bureau of Economic Analysis (BEA).

In February, the trade imbalance increased to $68.9 billion from an upwardly revised $67.6 billion in January. This represented the largest shortfall since April 2023.