Balance of Power Stocks Slump On Trump Tariff Fears
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The US trade deficit widened to a record in January as companies scrambled to secure goods from overseas before President Donald Trump imposed tariffs on America’s largest trading partners.
The gap in goods and services trade widened 34% from the prior month to $131.4 billion, Commerce Department data showed Thursday. The deficit was larger than all but one estimate in a Bloomberg survey of economists.
The value of imports rose 10% to a record $401.2 billion, while exports increased 1.2%. The figures aren’t adjusted for inflation.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
- Bloomberg International Economics and Policy Correspondent Michael McKee about the latest US trade data.
- Republican Congressman Ryan Mackenzie of Pennsylvania about the possible impacts of tariffs on his district.
- Republican Strategist Jon Seaton and Democratic Strategist Brad Howard about the latest DOGE actions.
- Bloomberg Stock Market Reporter Norah Mulinda as volatility rises in the stock market.
- Bloomberg Intelligence Senior US Policy Analyst Nathan Dean as President Donald Trump delays tariffs on Canada and Mexico for goods covered by USMCA.
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