U.S. trade deficit drops 10% in February

• April 4, 2017
• realestatelife
• Business & Markets, Real Estate Finance

The U.S. trade deficit sank almost 10% in February, aided by an increase in exports to a 26-month high and a plunge in imports of autos and cell phones. The deficit fell to $43.6 billion in February, more than canceling out a big increase in January that raised the nation’s trade gap to a five-year high of $48.2 billion.