March 28, 2022
WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed in February as exports rebounded, data showed on Monday, which could provided a lift to economic growth in the first quarter.
The deficit fell 0.9% to $106.6 billion, the Commerce Department said. Exports increased 1.2%, offsetting a 0.3% gain in imports. Trade has subtracted from gross domestic product growth for six straight quarters.
(Reporting By Lucia Mutikani; editing by John Stonestreet)
Source: One America News Network
