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U.S. Trade Deficit Rises to $50B, Drops to 5-Yr. Low with China
The U.S. goods and services deficit rose to $50 billion in March, up $0.7 billion from $49.3 billion in February, according to the latest U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
March exports were $212 billion, $2.1 billion more than February exports. March imports stood at $262 billion, $2.8 billion more than February imports.
Year-to-date, the goods and services deficit decreased $5.8 billion, or 3.7%, from the same period in 2018. Exports increased $14.0 billion or 2.3%. Imports increased $8.2 billion or 1.1%.
The deficit with China decreased $1.9 billion to $28.3 billion in March. Exports increased $1.4 billion to $10.5 billion and imports decreased $0.5 billion to $38.8 billion. The latest report shows the Q1 2019 deficit with China hit $80 billion, which is down 12.2% from the same period a year ago, and the lowest level since March 2014.
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- ◦Economy


