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International Business Times
International Business Times
World

US Trade Gap Hits New Record In January As Tariff Fears Loomed

The US trade gap hit a new record in January, government data showed, as imports surged (Credit: AFP)

The US trade deficit surged to a new record in January, government data showed Thursday, as imports spiked while tariff worries flared in the month of President Donald Trump's inauguration.

Trump returned to the White House this year with pledges to ease cost-of-living pressures for voters, but on the campaign trail he also raised the possibility of sweeping levies across US imports.

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