The United States trade deficit reached a record high in January as strong domestic demand continued to push imports higher, especially oil, while exports were dampened by the omicron surge which reduced production and limited travel. The trade deficit widened 9.4% in January to $89.7 billion, ... READ MORE >
U.S. trade deficit
Chart of the day: U.S. trade deficit widens
The U.S. trade deficit widened in December for the second straight month as domestic demand for imported goods ended the year on a strong note. The gap between imports and exports increased by 1.8% to $80.7 billion in December, slightly lower than the all-time high of $80.8 billion in September, ... READ MORE >