deanrd
Gold Member
- May 8, 2017
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The U.S. Now Has the Largest Trade Deficit In the History of the Country
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.
Meanwhile, the overall goods and services deficit jumped 19% between November and December 2018, to $59.8 billion, the highest monthly trade deficit in 10 years.
This is the third consecutive year of increasing trade deficits, topping the previous record in 2006.
Trade deficit explodes, now highest in U.S. history
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The fukker did it again!
He made us NUMBER 1..........Again!!
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.
Meanwhile, the overall goods and services deficit jumped 19% between November and December 2018, to $59.8 billion, the highest monthly trade deficit in 10 years.
This is the third consecutive year of increasing trade deficits, topping the previous record in 2006.
Trade deficit explodes, now highest in U.S. history
-----------
The fukker did it again!
He made us NUMBER 1..........Again!!