Reflecting a jump in imports and a steep drop in exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened by more than expected in the month of January.
The Commerce Department said the trade deficit widened to $89.7 billion in January from a revised $82.0 billion in December.
Economists had expected the deficit to climb to $87.1 billion from the $80.7 billion originally reported for the previous month. With the bigger than expected increase, the trade deficit reached a new record high.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.