With imports increasing by slightly more than exports, a report released by the Commerce Department on Friday showed the U.S. trade deficit widened in the month of January.
The Commerce Department said the trade deficit widened to $68.2 billion in January from a revised $67.0 billion in December.
Economists had expected the trade deficit to widen to $67.5 billion from the $66.6 billion originally reported for the previous month.
The wider trade deficit came as the value of imports climbed by 1.2 percent to $260.2 billion, while the value of exports rose by 1.0 percent to $191.9 billion.
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