US Trade Deficit Widens Amid Trump’s Trade War
Donald Trump’s global trade war has not had (as of yet anyway) the desired effect when it comes to America’s yawning trade deficit. In fact, the gap grew in December to $70.3 billion.
This according to data from his own administration. The US Commerce Department reported that the shortfall culminated in a full-year deficit of $901.5 billion—one of the largest in data back to 1960.