US Trade Deficit Hit All-Time High in Biden’s First Full Month in Office

The U.S. trade deficit hit an all-time high in February as Americans bought more imported goods in President Joe Biden’s first month in office.

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April 9, 2021

The trade deficit jumped 4.8 percent to $71.1 billion in February, according to a report released Wednesday from the Commerce Department.

The surge is a $3.3 billion increase from January’s deficit of $67.8 billion.

The record comes after Americans received more stimulus checks from Biden’s $1.9 trillion COVID relief bill.

The U.S. economy also gained 916,000 new jobs in March, according to MarketWatch.

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