Reported about 8 hours ago
In January, the US merchandise trade deficit unexpectedly widened to a record $153.3 billion, driven by an 11.9% increase in imports, primarily of industrial supplies and consumer goods, ahead of upcoming tariffs. Exports grew modestly by 2% to $172.2 billion. Economists suggest the trade deficit is largely influenced by high US consumption and a strong dollar, complicating the Trump administration's efforts to boost domestic production and reduce trade imbalances.
Source: YAHOO