See every side of every news story
Published loading...Updated

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.
Insights by Ground AI
Does this summary seem wrong?

30 Articles

All
Left
1
Center
3
Right
8
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources lean Right
67% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Wolf Street broke the news in on Thursday, March 6, 2025.
Sources are mostly out of (0)

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.