U.S. Trade Deficit Hits Highest Level in History at $891.3B | Fortune
President Trump’s America First policies are not having their intended effect.
The Commerce Department reported Wednesday the U.S. posted a more than $891 billion merchandise trade deficit last year—the largest in the history of the country.
Significantly, the trade deficit with China hit a record $419 billion, despite a series of tariffs the administration imposed on Chinese goods to decrease reliance on imports.
Remember when Trump promised to get rid of the deficit and debt?