US Trade Deficit Shrinks, Exports Hit Record
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Januarys trade deficit plummeted by 25.3%, reaching $54.5 billion, as exports surged to a record high of $302.1 billion, driven by industrial supplies and capital goods. Despite this, imports dipped slightly, and the deficit still narrowed significantly. The data, delayed due to the government shutdown, also showed a revised December deficit. Trade remains volatile under Trumps tariffs, with manufacturing jobs declining and probes into excess capacity and labor issues ongoing. If this trend continues, trade could boost first-quarter growth.
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