Trump Won’t Be Happy: US Records Biggest Trade Deficit In 5 Years
by Tyler Durden
ZeroHedge.com
Mar 7, 2017
In a report that will be closely scrutinized – and criticized – by the trade-sensitive Trump administration, today the Department of Commerce announced that the January trade deficit surged in January 2017, jumping from $44.3 billion in December (revised) to $48.5 billion in January, in line with expectations, as imports increased more than exports.This was the biggest trade deficit going back to early 2012.
The previously published December deficit was $44.3 billion. The goods deficit increased $4.0 billion in January to $69.7 billion. The services surplus decreased $0.3 billion in January to $21.2 billion.
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