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As Trump Wages Trade War, U.S. Goods Deficit Hits Record High In 2018

Credit: Wochit News
Published on March 6, 2019 - Duration: 00:40s

As Trump Wages Trade War, U.S. Goods Deficit Hits Record High In 2018

According to Reuters, the U.S. goods trade deficit surged to a record high in 2018 as strong domestic demand fueled by lower taxes pulled in imports, despite the Trump administration’s “America First” policies.

The Commerce Department said on Wednesday that a 12.4 percent jump in the goods deficit had contributed to the record $891.3 billion goods trade shortfall last year.

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As Trump Wages Trade War, U.S. Goods Deficit Hits Record High In 2018

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14, 2019, PHOTO, CHINA OUT MARCH 29, 2018, FILE PHOTO A MARCH 5, 2019, FILE PHOTO

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