Stock photo: Shipping containers at the Port of Long Beach in Long Beach, California, on October 13, 2022. Shipping containers at the Port of Long Beach in Long Beach, California, on October 13, 2022.

At the start of the year, the U.S. trade deficit grew to the widest in three months, reflecting a pickup in imports of merchandise.

The trade gap in goods and services increased 1.6 percent, to $68.3 billion, in January from a month earlier, Commerce Department data showed Wednesday. The figures aren’t adjusted for inflation. The median estimate in a Bloomberg survey of economists called for a $68.7 billion gap.

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