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demmiblue

(36,898 posts)
Tue Feb 6, 2018, 11:41 AM Feb 2018

Trade deficit hits highest level since 2008

Source: The Hill

The U.S. trade deficit surged to its highest level since 2008 during President Trump’s first year in office despite his vow to lower the gap and crack down on unfair competition.

The nation's trade gap in goods and services jumped 12.1 percent to $566 billion in 2017, up $61.2 billion from 2016, the highest level since the deficit hit $708.7 billion in 2008, the Commerce Department said Tuesday.

For the year, imports surged to $2.9 trillion, easily eclipsing $2.3 trillion in U.S. exports.

Notably the U.S. deficit in goods soared last year to a record-high $375.2 billion with China, a nation that Trump has both demonized and praised on trade during his tenure.

Read more: http://thehill.com/policy/finance/372497-trade-deficit-hits-highest-level-since-2008

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Trade deficit hits highest level since 2008 (Original Post) demmiblue Feb 2018 OP
That'd be since Bush 2.0! yallerdawg Feb 2018 #1

yallerdawg

(16,104 posts)
1. That'd be since Bush 2.0!
Tue Feb 6, 2018, 12:09 PM
Feb 2018

The jackass in the White House is racking up quite a few records lately!

Oh, this is gonna be good!



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