The US trade deficit in February decreased from a record at the beginning of the year, as the strongest exports imposed the impact on securing goods and materials before the comprehensive definitions of the Trump administration.
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The US trade deficit in February decreased from a record at the beginning of the year, as the strongest exports imposed the impact on securing goods and materials before the comprehensive definitions of the Trump administration.
The Ministry of Commerce data showed on Thursday that the gap in the trade of goods and services was narrowed by 6.1 % from the previous month to 122.7 billion dollars. The intermediate estimate of a survey of Bloomberg for economists called for a shortage of $ 123.5 billion.
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The value of exports increased by 2.9 % in wide progress, while imports remained near the record. The numbers are not adjusted for inflation. The imports of goods decreased slightly to the decline in industrial materials, while most other groups such as business equipment, consumer goods and cars have increased.
This report comes at a time when the world still addresses President Donald Trump's treatment of mutual definitions on Wednesday, which appoints a 10 % foundation rate worldwide. But many countries, like China and Vietnam, will strike Braviti much higher.
Imports may decrease very well in the coming months – which will help narrow the commercial gap, one of Trump's goals with his policy – as companies try to avoid the use of external sources of expensive foreign commodities.
Trump employs definitions to ensure fairness in bilateral trade, encourage foreign investment, expand production in the United States, and support national industrial security. He also sees duties as a way to increase government revenues.
Last month, Trump reduced 25 % of Canada and Mexico commodities, imposed a global duty on aluminum and steel, and the definitions of Chinese goods doubled to 20 %. The president also continued a threat to carry out a 25 % tariff on car imports that came into effect.
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The February report showed that the lack of trade of goods with Canada was narrowed after reaching a record number a month before it was modified by season, while the deficit with Mexico expanded to a record.
The goods trade deficit with China narrowed with the low value of the goods exported to the United States.
Industrial supplies
The American report showed a decrease of $ 4.2 billion in the value of shipments received from industrial supplies. These include minerals, petroleum, wood and other products used in the production of other commodities.
A lot of expansion can be tracked in the trade deficit since the end of 2024 to the imports of gold bars – which are classified as final metal forms.
While the trade report showed a decrease in February, stocks on the New York commodity exchange rose to buy a safe armed and previous concerns about the insertion of precious metals in the Trump tariff. The details received from the Rose Garden advertisement on Wednesday at the White House showed that the alloys are excluded.
Gold is excluded for investment purposes from the United States government account for GDP. Even as gold is allowed to exclude gold, the American trade deficit is likely to expand in the first quarter compared to the previous three months.
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Before February Trade Data, the Federal Reserve in Atlanta predicts the gross domestic product in a 1.4 % decrease in the first quarter, with the formulation of exports about 2.5 %. Both numbers are set for gold trade.
Most economists' interest now is that Trump's actions will lead to a higher increase in prices and economic growth, as companies wrestle with severe supply chain disorders and high costs. Global stock markets, including a sharp decline in futures in the United States.
On the basis of the inflation rate, the commercial deficit of the goods narrowed to $ 135.4 billion in February after set a record at the beginning of the year.
The survey data from the exhibition management institute suggested earlier this week that the US manufacturers' request for foreign goods has been launched since then with a decrease in the group's import scale in March for the first time in four months.
Separate data showed on Thursday that the unemployed demands for a weekly continued increased to the highest level since November 2021. Another report indicated that more than 280,000 jobs in the federal government have been announced over the past two months, according to data from Challenger and Gray & Christmas.
– With the help of Chris Middleton.
(Trump's tariff announcement) adds
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