U.S. Trade Gap Unexpectedly Narrows 0.7 Percent on Fewer Chinese Imports

(Bloomberg) -- The U.S. trade deficit unexpectedly narrowed in February from the previous month, as the U.S. purchased fewer goods from China and imported less petroleum, a government report showed.

The gap in goods and services trade narrowed to $58.4 billion from $58.9 billion in January, the Commerce Department reported today in Washington. Imports and exports both declined. Imports from China fell to the lowest level since May 2006.


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