Advertisement Continue reading the main storyThe reason the trade deficit rose is that imports rose faster than exports. In effect, the higher trade deficit in January is in significant part caused by U.S. economic strength. (Exports of those products also rose, by $1.2 billion, but combined that means oil contributed to the widening of the trade deficit.) If the trade deficit falls during the Trump administration because sales of American-made automobiles, jet airliners or services overseas boom, that will be great news. The trade deficit is important.

Source: New York Times March 07, 2017 16:40 UTC