US Trade deficit largest on record (by a lot)
- Prior month -122.11 billion
- Trade deficit -$153.26B to a new record. Trump anticipated tariffs to blame as imports surged by $34.6 billion.
Details from the Census Bureau.
Advance International Trade in Goods
- Trade Deficit: $153.3 billion in January, up $31.2 billion from December.
- Exports: $172.2 billion in January, an increase of $3.3 billion from December.
- Imports: $325.4 billion in January, up $34.6 billion from December.
Looking at other advance data from the Census Bureau shows:
Advance Wholesale Inventories
- Inventory Level: $905.2 billion in January, up 0.7% from December and 1.1% from January 2024.
- Revision: November-to-December change revised from -0.5% to -0.4%.
Advance Retail Inventories
- Inventory Level: $821.3 billion in January, down 0.1% from December but up 4.9% from January 2024.
- Revision: November-to-December change revised from -0.4% to -0.5%.
