Washington â¢ The U.S. trade deficit declined sharply in February as imports from China fell by a record amount and American exports rose for a third straight month.
The deficit fell to $43.6 billion in February, 9.6 percent below Januaryâs deficit of $48.2 billion, the Commerce Department reported Tuesday. Exports rose a tiny 0.2 percent to $192.9 billion. Imports dropped 1.8 percent to $236.4 billion as the flow of Chinese goods tumbled by $8.6 billion, led by a big drop in cell phone imports.
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