US advanced goods trade balance for December -122.1B vs -105.6B estimate

• Prior month -102.9 billion
• Advance goods trade balance -122.1Bvs -105.6B

The deficiit is near the the 2022 low which i believe was influece by port strike. This is likely in response to the Trump tariffs.

Yesterday, the President and Treasury Sec. Bessent said that tariffs may go up by 2.5% each month. Well if you know prices on imports will go up – especially on goods that just can’t be turned on like a light switch – companies will import all they can now and save. PS they can also raise prices and blame the tariffs. That seems to be the dynamics in play which will mess up the numbers.

This article was written by Greg Michalowski at www.forexlive.com.