The Econoday consensus expected the trade deficit to shrink to $-71.3 billion.

Instead, the Census Bureau Advance Trade Report shows the deficit rose to $-74.4 billion with December revised to $-72.3 billion.

In January, exports declined 2.2%. Exports of goods for January were $133.9 billion, $3.1 billion less than December exports.

Imports declined only 0.5%. Imports of goods for January were $208.3 billion, $0.9 billion less than December imports.

These reports will take a toll out of GDP estimates for the first quarter.

Trump Will Howl

The trade hawks in the administration will howl over today's reports.

However, the deficit is poised to get worse, much worse.

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Trump is Clueless About Trade

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Trump's tax cut will increase the deficit and deficit spending ensures the trade imbalance will grow. Economists have not figured this out.

Mathematically, tariffs cannot possibly help. They can only make matters worse.

To understand the math, please see Trump's Tariffs Show He's "Clueless About Trade".

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Trump's trade policies are set to exacerbate the next global recession. Few see it coming.

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Trade Deficit Widens 6.3% to $72.2 Billion, Worse than Expected

Economists expected the trade deficit to widen, but the report was outside the range of any estimate.

Trade Deficit Widens: Cascade of Bad News Accelerates, Trump Will Howl

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Trump is sure to howl over this month's trade report. The trade deficit rose again.

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