U.S. trade deficit widened to $67.4bn in January due to a surge in goods imports.
The U.S. trade deficit widened to $67.4bn in January due to a surge in goods imports, which could impact economic growth in the first quarter if the trend continues. Imports increased 1.1% to $324.6bn, with goods imports rising 1.2% to $263.4bn. Capital goods and automotive vehicle imports saw significant growth, offsetting decreases in crude oil and cell phone imports.
March 07, 2024
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