by Wolf Richter
Wolf Street
Imports of goods soared, while the already small services surplus plunged to nine-year low.
The US trade deficit in goods and services with the rest of the world, after going from record to record, soared by, I mean worsened by 87% in February compared to February last year, to $71.1 billion, according to the Census Bureau today. As the trade deficit in goods hit another all-time record, the trade surplus in services, which was already small, plunged to a nine-year low: