US trade gap hit a record in 2022
The US trade gap widened to a record in 2022, though the deficit grew less than expected in December, government data said on Tuesday, capping off the year on robust imports and strong spending. The overall trade gap grew US$103.0 billion from 2021 to US$948.1 billion last year, according to Commerce Department data, on a surge in goods imports ranging from crude oil to consumer items like pharmaceuticals and household products. (AFP)