February trade report shows highest monthly deficit on record

The monthly U.S. trade deficit reached a record high of $71.1 billion in February, the government reported on Wednesday, as analysts say the economic recovery from the pandemic continues unevenly around the world. The monthly deficit for goods and services increased by $3.3 billion, a 4.8 percent rise over the previous month, according to the latest Census and Bureau of Economic Analysis report on trade in goods and services. Exports declined by 2.6 percent compared to January, while imports declined...