U.S. Trade Deficit Hits Highest Level in History at $891.3B | Fortune

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.

via U.S. Trade Deficit Hits Highest Level in History at $891.3B | Fortune

Remember when Trump promised to get rid of the deficit and debt?

One thought on “U.S. Trade Deficit Hits Highest Level in History at $891.3B | Fortune”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.