trade deficit

A ship is show loaded with thousands of containers with a blue and yellow crane in the nearground.

As Trump wages trade war, US goods deficit hits record high in 2018

The US 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, including tariffs, aimed at shrinking the trade gap.

Japanese shipping containers in the port of Tokyo. In 2016, the US had a $69 billion deficit with Japan.

Trump warns of trade deficits. Economists say, who cares?

Economics