US trade deficit narrows to $49.4 billion in February
{{#rendered}} {{/rendered}}FILE - In this March 6, 2019, file photo, container ships docked at the Port of Oakland wait to be unloaded in Oakland, Calif. On Wednesday, April 17, the Commerce Department reports on the U.S. trade gap for February. (AP Photo/Ben Margot, File)
The U.S. trade deficit fell for the second straight month in February, and the politically sensitive deficit in the trade of goods with China narrowed.
The Commerce Department says the gap between the goods and services that the United States sells and what it buys from the rest of the world dropped 3.4% to $49.4 billion in February, the lowest since June. Exports climbed 1.1% to $209.7 billion. Imports rose 0.2% to $259.1 billion.
The goods deficit with China dropped 28.2% to $24.8 billion. Exports to China rose 18.2% to $8.4 billion. Imports from China fell 20.2% to $33.2 billion.
{{#rendered}} {{/rendered}}President Donald Trump has imposed tariffs on $250 billion in Chinese imports in a fight over U.S. allegations that China steals technology and forces foreign firms to turn over trade secrets.