NPR logo

Trade Deficit Hits New High in February

  • Download
  • <iframe src="https://www.npr.org/player/embed/4597562/4597563" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Trade Deficit Hits New High in February

Economy

Trade Deficit Hits New High in February

Trade Deficit Hits New High in February

  • Download
  • <iframe src="https://www.npr.org/player/embed/4597562/4597563" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The nation's trade deficit hit a record $61.4 billion in February, an increase driven by high oil prices and a surge in textile imports from China. One expert says this transfer of wealth to other countries is unsustainable in the long term, and recommends that consumers save more.