Back to today’s briefing

Story perspectives

US Trade Deficit Soars to Record $122.1 Billion

1/30/2025

35 6

Summary

Story summary

The US trade deficit in goods hit a record $122.1 billion in December, fueled by rising imports.
Imports increased by 3.9% to $289.6 billion, while exports decreased by 4.5% to $167.5 billion.
Economists warn that the expanding trade gap may slow GDP growth.
The Federal Reserve is likely to keep interest rates steady during these economic changes.

1 of 1

Story summary

The US trade deficit in goods hit a record $122.1 billion in December, fueled by rising imports.
Imports increased by 3.9% to $289.6 billion, while exports decreased by 4.5% to $167.5 billion.
Economists warn that the expanding trade gap may slow GDP growth.
The Federal Reserve is likely to keep interest rates steady during these economic changes.