• Prior month -$98.4B
  • International trade balance (Goods and services) -$131.4B vs -$127.4B estimate
  • Good trade balance for January -$155.57B vs -$153.2B preliminary. Last month -$122B

Details:

  • January exports: $269.8B (+$3.3B from December)
  • January imports: $401.2B (+$36.6B from December)
  • Goods deficit: Increased by $33.5B to $156.8B
  • Services surplus: Increased by $0.2B to $25.4B
  • Year-over-year deficit: Increased by $64.5B (+96.5%)
  • Year-over-year exports: Increased by $10.6B (+4.1%)
  • Year-over-year imports: Increased by $75.2B (+23.1%)

The goods trade deficit is soaring as companies adjust to the proposed tariffs. This could lead to choppy data going forward depending on how the economy reacts to a slower economy, inflation, uncertainty or to changes in policy too

Source: Forex Live