Trade Deficit Hits Record $71.1 Billion

The Commerce Department reported Wednesday that the U.S. trade deficit widened 4.8%, hitting a record $71.1 billion in the month of February.

The January gap was revised slightly lower. From $68.2 billion to $67.8 billion.

U.S. exports to foreign countries suffered — though the U.S. continued to import. The difference between the two is what creates the tax deficit.

U.S. markets took the news in stride. They hovered near an all-time record on the S&P as investors awaited the minutes from the Federal Reserve’s latest policy meeting for any clues on inflation.

Read MORE From us at Trish Regan’s Intel:

1. UK Warns People Under 30 Not To Take AstraZeneca Due To Concerns About Blood Clots

2. What Terrorists? CBP Deletes Press Release On Terrorists

3. Charles Barkley Slams Washington “We’re So Stupid Following Our Politicians”

4. Texas AG: Trump’s Border Policies Worked, Stopped the Surge