U.S. trade deficit in goods balloons to record high
US merchandise trade deficit surges ahead of expected tariff increases
The US trade goods deficit surged to a record high in January as companies hoovered up supplies of foreign products and metals ahead of the expected imposition of tariffs by President Donald Trump. The gap between exports and imports of goods jumped by more than 25 per cent from the previous month to $153bn,
The U.S. trade deficit in goods widened sharply in January, most likely as businesses front-loaded imports ahead of tariffs, ...
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