Alva Review-Courier -

By Josh Boak 

A record-breaking US trade deficit: Does it really matter?

 


WASHINGTON (AP) — The U.S. trade deficit reached its highest sum ever last year, defying President Donald Trump's efforts and promises to shrink it through his economic policies. The irony is that those policies likely contributed to the deficit.

Trump entered office insisting that decades of trade gaps had crushed the U.S. economy and that he would forge new agreements that would diminish the deficits.

It hasn't happened.

The government said Wednesday that the U.S. trade gap in goods and services reached $621 billion last year, its highest total since 2008. And the U.S. deficits in goods...



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