Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Axios
Axios
Business
Axios

Despite trade war, U.S. trade deficit grows to 10-year high under Trump

Photo: Win McNamee/Getty Images

The U.S. trade deficit grew to $621 billion in 2018, its highest level since 2008, according to a Commerce Department report released Wednesday that was delayed by the government shutdown.

The big picture: President Trump has made reducing the nation's trade deficit — especially with China — a major goal of his administration. However, the report showed a record-breaking $891.3 billion trade gap for the U.S. in goods and services and a trade deficit with China for goods that hit a record $419.2 billion.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.