US trade deficit widens in January on imports

WASHINGTON – The U.S. trade deficit widened sharply in January amid a jump in goods imports, a trend that if it persists could see trade subtracting from economic growth this quarter. The trade deficit increased 5.1 percent to $67.4 billion, the Commerce Department’s Bureau of Economic Analysis said on Thursday. Data for November was revised to show the trade gap rising to $64.2 billion instead of $62.2 billion
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