US trade deficit widens in January as imports accelerate | Malay Mail

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WASHINGTON, March 5 — The US trade gap increased slightly in January as imports grew at a faster pace than exports and economic activity continued to pick up after the pandemic shutdowns, according to government data released today. Imports of cars and consumer goods lead the way, including a...

A Maersk container ship is guided by a tug boat in New York Harbour in New York, June 27, 2018. — Reuters picWASHINGTON, March 5 — The US trade gap increased slightly in January as imports grew at a faster pace than exports and economic activity continued to pick up after the pandemic shutdowns, according to government data released today.

American exports of goods and services increased to US$192 billion while imports jumped US$260 billion, increasing the trade deficit to US$68.2 billion, which was more than economists had been expecting.

 

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