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US Trade Deficit Hit A Record High In January

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The U.S. trade deficit grew in January, causing the import-export gap to widen 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.

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