Donald Trump
Donald Trump
Out of context: Reply #12409
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U.S. runs record trade deficit in goods, despite Trump's tariffs policy.
The U.S. merchandise trade deficit hit a record $1.2 trillion last year, despite President Donald Trump's promise to eliminate it by imposing the highest tariffs in eight decades on foreign-made products.
Thursday's Commerce Department report represents the first full-year assessment of the president's ambitious reordering of global trade. The persistence of the deficit in the face of steep new taxes on imports from China, the European Union and scores of other nations reflects the limits of Trump's preferred policy tool, economists said.