Business

US trade deficit hits $42.3 billion in February

By Martin Crutsinger
Published April 3, 2014 5:29pm ET
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US trade deficit hits $42.3 billion in February
FILE - In this Wednesday, Oct. 23, 2013, file photo, container ships wait to be off loaded in a thick fog in Oakland, Calif. The Commerce Department reports on the U.S. trade deficit for February Thursday April 3, 2014 at 8:30 a.m. EDT. (AP Photo/Ben Margot, File) | Ben Margot

WASHINGTON (AP) — The U.S. trade deficit climbed to the highest level in five months in February as demand for American exports fell while imports increased slightly.

The deficit increased to $42.3 billion, which was 7.7 percent above the January imbalance of $39.3 billion, the Commerce Department reported Thursday.

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