Monday 31 Mar 2025
US goods trade deficit narrows in February
27 Mar 2025, 09:25 pm
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WASHINGTON (March 27): The US trade deficit in goods narrowed in February amid a rise in exports, which could temper economists' expectations for a sharp slowdown in economic growth in the first quarter.

The goods trade deficit contracted 4.9% to US$147.9 billion (RM655.5 billion) last month, the Commerce Department's Census Bureau said on Thursday.

A sharp widening in the goods trade deficit in January as businesses front-loaded imports to get ahead of tariffs had prompted economists to slash their first-quarter gross domestic product estimates to below a 1.5% annualised rate. The economy grew at a 2.4% pace in the fourth quarter.

Goods exports increased US$7 billion to US$178.6 billion last month, while imports fell US$0.6 billion to US$326.5 billion.

Uploaded by Magessan Varatharaja

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