For the second month in a row, US exports declined and imports rose in December, pushing the US trade balance significantly deeper into deficit.
Imports rose (+3.6% vs +0.1% MoM exp) and exports fell (-1.7% vs +0.1% MoM exp) for the second month in a row...
Source: Bloomberg
Industrial Supplies appears to have seen the biggest shift in trade...
Gold imports fell back near their lowest since 2019...
The result of all this is a second monthly decline in the trade balance (worsening deficit)...
...dramatically worse than the Trump-bragged-about October highs.
https://www.zerohedge.com/markets/us-trade-deficit-unexpectedly-worsens-exports-slump-again-december
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