January Trade Deficit Surge Driven By Rising China, Japan, Germany Deficits
By Jeff Ferry, CPA Research Director The United States’ trade deficit surged 12% in January 2017 to hit $48.5 billion, its highest level in almost five years. The growth in our trade deficit reflects America’s failed trade policy, persistent mercantilist practices by some of our largest trading counterparties, and slower export growth. January’s trade deficit…