The U.S. trade deficit narrowed slightly in February, shrinking 0.1% for the month but remaining close to a record. Both exports and imports climbed as the impending conflict in Ukraine pushed up commodity prices.
The deficit in trade of goods and services slipped to a seasonally adjusted $89.19 billion in February, the Commerce Department said Tuesday, compared with an $89.23 billion gap in January, which was the all-time monthly record for the trade gap.
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