Posted 2/28/2024, 1:32:00 PM
U.S. Trade Deficit Grows to $90 Billion in January as Imports Outpace Exports
- U.S. trade deficit in goods widened by 2.6% to $90.2 billion in January
- Exports of goods rose $400 million to $170.4 billion; imports rose $2.7 billion to $260.6 billion
- Wholesale inventories fell 0.1% in January; retail inventories rose 0.5% (0.3% excluding autos)
- Exports had jumped in December; pullback expected this month
- Economists watching to see if geopolitical tensions impact future trade flows
