According to @KobeissiLetter, the United States reported a staggering 2-month goods trade deficit of $301 billion, attributed to companies trying to preemptively import goods before tariff increases. This unprecedented deficit, described as a sign of panic, has not been seen at even half this size in previous records, indicating potential market instability and concerns about future trade conditions.

According to @KobeissiLetter, the United States recorded an unprecedented 2-month goods trade deficit of $301 billion. The report highlights that companies are attempting to front-run tariffs, indicating a strategic move to import goods before potential tariff increases. This situation is presented as a rare occurrence, suggesting significant market panic and impacting trade-related strategies significantly. Traders should closely monitor these developments as they may influence currency and commodity prices.