US trade deficit hits 10-year high as Trump trade wars backfire

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Trade imbalance rose to $621bn in 2018 despite new tariffsDeficit jumped 19% in December alone

The US trade deficit has hit a 10-year high, it was revealed on Wednesday in a government announcement, as Donald Trump’s trade wars appeared to be backfiring.

 

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delong Looks like a success to me.

This is so hard to gloat over as it's plain to most that the 'Trade Deficits are Bad' is a pile of Stupid. Trumps imaginary problem got bigger do to his inability understand basic economics and negotiation. MAGA.

delong SMH 🤦‍♂️ No, it didn’t backfire. The US instituted trade wars did exactly what every competent economist said they would do if implemented. They cratered the US trade deficit.

Trump once again proves his crap business skills.

Totally false story... The USMCA trade deal has yet to be approved by Congress. The China negotiations are ongoing (and in the interim the U.S. is collecting tariffs). The Trump administration is working hard to bring the trade deficit down, but it's like turning a battleship. 🇺🇸

But he had a big crowd! THAT'S what is important!

Don't look at me I didn't vote for this mess..

thanks for updates the guardian

Trump is setting records! TradeDeficit

GOP - STEALING YOUR MONEY!!

America hasn’t won a war in 30 years.. no surprise

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