Trade deficit widens to its largest since March 2012
Merchandise imports exceed smaller gain in shipments overseas
Washington
THE United States chalked up its largest trade deficit since March 2012 as a jump in merchandise imports in January exceeded a smaller gain in shipments overseas.
The gap in goods and services trade increased by 9.6 per cent to US$48.5 billion, matching the median forecast in a Bloomberg survey, Commerce Department figures showed on Tuesday. The deterioration in January from the previous month reflected a 2.3 per cent gain in imports, the most since March 2015, and a 0.6 per cent pick-up in exports.
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