The trade deficit widened further in early 2018, a deteriorating backdrop to President Donald Trump’s ramped-up efforts to close the gap with the help of tariffs.
The U.S. trade gap in goods and services expanded 5.0% from the prior month to a seasonally adjusted $56.60 billion in January, the Commerce Department said Wednesday. It was the fifth straight month of a rising deficit, reaching its highest level in more than nine years.
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