🚨 U.S. Trade Deficit Jumps to Five-Month High 🇺🇸📉
The U.S. Department of Commerce reported that December’s trade deficit widened nearly 33% to $70.3B, far above expectations of $55.5B. The surge was driven by a sharp increase in imports.
📊 Key Highlights:
• December Deficit: $70.3B (5-month high)
• Full-Year Deficit: $901.5B (↓ 0.2%)
• Goods Trade Deficit: Record $1.24T (↑ 2.1%)
• Deficit with China: $202.1B (↓ ~32% YoY)
While the overall annual deficit narrowed slightly, the goods imbalance hit record levels — signaling persistent structural trade pressures.
Markets will watch the impact on the USD, Treasury yields, and risk assets closely. 👀
#economy #USD #MarketUpdate #Macro
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