The U.S. trade deficit for February fell to $43.6 billion from $48.2 billion a month earlier. That was below the $44.8 billion expected by economists, with a previous drop in the goods deficit reported suggesting services may have disappointed. Nonetheless, services exports increased 5%, led by an 11% rise in financial services and 26% in government services. The latter will presumably fall under the new government budget. Geographically the drop in the deficit was largely due to an 18% fall on a year earlier in China’s surplus vs. the U.S. That takes the 12 month average deficit vs. Chi...
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