Fabrib
Forumer storico
The Commerce Department said on Wednesday that an 18.8 percent jump in the trade deficit in December had contributed to the $621.0 billion shortfall last year. The 2018 deficit was the largest since 2008 and followed a $552.3 billion gap in 2017.
The trade deficit has deteriorated despite the White House’s protectionist trade policy, which President Donald Trump said is needed to shield U.S. manufacturers from what he says is unfair foreign competition.
The goods trade deficit with China increased 11.6 percent to an all-time high of $419.2 billion in 2018.
The December trade deficit of $59.8 billion was the largest since October 2008 and overshot economists’ expectations for a $57.9 billion shortfall, as exports fell for a third straight month and imports rebounded.
Donald, un grande!
The trade deficit has deteriorated despite the White House’s protectionist trade policy, which President Donald Trump said is needed to shield U.S. manufacturers from what he says is unfair foreign competition.
The goods trade deficit with China increased 11.6 percent to an all-time high of $419.2 billion in 2018.
The December trade deficit of $59.8 billion was the largest since October 2008 and overshot economists’ expectations for a $57.9 billion shortfall, as exports fell for a third straight month and imports rebounded.
Donald, un grande!