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    US Trade Deficit Jumps 4.8% to $71.1 Billion in February | Business News

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    By MATT OTT, AP Business Writer

    SILVER SPRING, Md. (AP) — The U.S. trade deficit grew to $71.1 billion in February, as a decline in exports more than offset a slight dip in imports.

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    The February gap between what America buys from abroad compared to what it sells abroad jumped 4.8% the revised January deficit of $67.8 billion, the Commerce Department said Wednesday.

    The increase reflected a 2.6% decline in exports of goods and services to $187.3 billion on a seasonally adjusted basis. That wiped out a 0.7% decline in imports, which ticked down 0.7% from January’s record high of $260.1 billion.

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    Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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