US trade deficit in February fell nearly two years since the slowdown in domestic demand to suppress imports, and enhance the global economic growth boosted the export of US products.

The politically more sensitive US trade deficit with China fell 26.6 percent to $ 23 billion in January, while this week coincided with President Trump and Chinese President Xi Jinping to meet. However, analysts believe that the sharp decline in the back may also have seasonal factors.

US Commerce Department said Tuesday that the trade deficit narrowed 9.6% in February to 43.6 billion US dollars, exports increased to more than two years the highest level is one of the reasons. The trade deficit in January rose to $ 48.2 billion in the past two years.

"It is very difficult for the United States to change the pattern of trade that China and the United States have formed over the past two decades," said Chris Rupkey, chief financial economist at Tokyo Ueno Bank in New York.

Economic analysts had expected the overall trade deficit in February to drop to $ 44.8 billion. The inflation-adjusted deficit was $ 59.7 billion, with a record high in merchandise exports, after which the effect of the dollar's appreciation was weakened.

The actual trade deficit in January was $ 65.1 billion.

Despite the decline in the real trade deficit, the trade situation may be neutral, or slightly dragged down the first quarter gross domestic product (GDP), the fourth quarter of last year had GDP growth caused by 1.82 percentage points drag.

In addition, weak consumer spending may also curb the economy in the first quarter of this year.

The Atlanta Fed expects GDP growth of 1.2% in the first quarter, down 2.1% from the fourth quarter of last year.

US dollar index and US stocks almost no change, the US bond prices fell.

** trade imbalance elimination **

The Trump government has ordered the study of the causes of the US trade deficit and the diversion of import duties. He believes that a large trade deficit dragged down US growth and employment.

Trump also asked to renegotiate the North American Free Trade Agreement (NAFTA).

Another report released by the Commerce Department on Tuesday showed that new orders for US-made goods rose for three consecutive months in February, as demand for machinery and electronics increased, suggesting that manufacturing-led recovery is widening.