Heckuva Job, Chimpy!

US Trade Deficit Sets Record For 12th Consecutive Month

The U.S. trade deficit widened unexpectedly in February as imports of consumer and other goods set a record and grew faster than exports, which hit a record for the 12th consecutive month, a U.S. government report showed on Thursday.

The monthly deficit widened 5.7 percent to $62.3 billion, from an upwardly revised estimate of $59.0 billion for January. Wall Street analysts had expected the gap to narrow to $57.5 billion.

2 thoughts on “Heckuva Job, Chimpy!

  1. Isn’t it just a little frightening that the trade deficit should be widening even as the dollar continues its slide? When a currency declines, the typical response is for imports to fall and exports to rise so that the trade deficit declines. But I guess we don’t have anything to export any more…

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