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U.S. Trade Gap Widens Near Record as Imports Surge to 2019 High

  • Services surplus climbs for first time in seven months
  • Imports and exports of semiconductors increased in January
Updated on

The U.S. trade deficit widened to the third-biggest on record in January as imports surged to the highest since mid-2019.

The gap in trade of goods and services expanded to $68.2 billion in January from $67 billion in December, according to Commerce Department data released Friday. That compares with a median estimate for a shortfall of $67.5 billion in a Bloomberg survey of economists.