The deficit jumped nearly 19% in December to a seasonally adjusted $59.8 billion, according to a government report that was delayed by the government shutdown earlier in the year. That’s the single biggest monthly gap since October 2008.
The trade deficit with China shows no sign of shrinking. The U.S. ran a $419 billion deficit in goods with China in 2018, up almost 12% from a year earlier, based on U.S. Census figures. China accounted for almost half of the U.S. deficit in goods in 2018. The two countries are trying to negotiate a broad deal to end the standoff and an agreement of sorts is said to be near, but it’s unlikely to resolve all the outstanding issues.
Chronic problem The U.S. has repeatedly run large deficits since early in the Reagan presidency in the 1980s, reflecting broad changes in the U.S. economy, a shift in manufacturing to cheaper foreign countries and the economic rise of China and other developing nations such as Mexico. Deficits subtract from gross domestic product, the official scorecard for the U.S. economy.
Source: Financial Digest (financialdigest.net)
this Pig knew the second he became POTUS he was going to screw every American and do exactly what he wanted!!
Maybe it has something to do with our economy being so strong and growing and the worlds economy is struggling and slowing. In other words our citizens have more money to spend. Liberal logic - let’s slow our economy down to lower the trade deficit. 😂
Looks like Putins plan for a bankrupt America is working.
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