Advertisement Continue reading the main storyThe reason the trade deficit rose is that imports rose faster than exports.
In effect, the higher trade deficit in January is in significant part caused by U.S. economic strength.
The trade deficit is important.
(Exports of those products also rose, by $1.2 billion, but combined that means oil contributed to the widening of the trade deficit.)
If the trade deficit falls during the Trump administration because sales of American-made automobiles, jet airliners or services overseas boom, that will be great news.
as mentioned in
Trade Deficit Jumps to Near Five-Year High
collected by :John Locas