2025 - US Trade Deficit Plummets in January as Canada's Trade Surplus Hits Two-Year High

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2025 - US Trade Deficit Plummets in January as Canada's Trade Surplus Hits Two-Year High

Tariffs implemented by the Trump administration have significantly impacted the U.S. trade balance, leading to a record trade deficit of $131.4 billion in January, a 34% increase from the previous month. Companies increased imports by 10% in preparation for potential supply chain disruptions, particularly in raw materials. In contrast, Canada experienced a trade surplus fueled by rising exports to the U.S. The widening deficit primarily benefite…