THIS SEEMS LIKE GOOD ECONOMIC NEWS:

Trade Gap Shrinks as Imports, Exports Hit Record

U.S. exports leapt four percent — the highest monthly increase since October 1996 — to a record $92.4 billion, while imports rose 1.6 percent to a record $134.5 billion.

The politically sensitive trade gap with China fell nearly 28 percent in February as imports from that country slipped to $11.3 billion, the lowest level in nearly a year, and exports to China rose 17 percent to $3.0 billion.

Good.