Tag: U.S. trade deficit

U.S. Trade Deficit Hit a Record High in January

Michigan Star Staff
Several cargo boxes on a ship in the ocean

The U.S. trade deficit continued to grow in January as the import-export gap widened to a record high, The Wall Street Journal reported.

The trade deficit reached $89.7 billion in January, up $7.7 billion from December 2021’s $82 billion figure, the Census Bureau announced Tuesday. Economists surveyed by the WSJ predicted a January trade deficit figure of just $87.2 billion.

Read More

U.S. Trade Deficit Reached Record High in 2021 as Imports Surged

Michigan Star Staff
Several cargo boxes on a ship in the ocean

The U.S. trade deficit continued to grow in December as the import-export gap widened to record highs in 2021, the Census Bureau reported Tuesday.

The trade deficit grew by 1.8% in December 2021 to $80.7 billion, the Census Bureau announced Tuesday, $1.4 billion above the revised figure from November 2021.

Read More