India reported a 5% growth in exports in January. While this was less than half the rate of import growth, the resulting trade deficit was 5% smaller than expected by economists. The export growth rate was slower than a month before, but the U.S. remains the major export driver. U.S.-bound, seaborne shipments increased 11%, the sixth straight rise. The country runs a $24 billion surplus with the U.S., and with export growth being driven by steel and tires there is a risk India falls into the Trump administration’s trade crosshairs.