US Trade Deficit Hits Record $131.4 Billion in January
- The U.S. Trade deficit reached a record high of $131.4 billion in January, a 34% increase from December, according to the Commerce Department's Bureau of Economic Analysis .
- Imports surged 10% to $401.2 billion, driven mainly by industrial supplies and materials, with a significant increase in finished metal shapes worth $20.5 billion.
- President Donald Trump expressed intent to reverse the trade deficit trend through tariffs and boosting domestic production, though immediate actions were not specified.
- Economists warn that the higher deficit reflects a reliance on imports, with some predicting that the January surge may be temporary ahead of potential tariffs.
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Total News Sources30
Leaning Left1Leaning Right8Center3Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 25%
R 67%
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