U.S. trade deficit hits the highest level in a decade – Axios - http://howtoezearnonline.com | ways to make money onlineDecember 6, 2018 2:25 pm
Tags: axios, decade, deficit, highest, level, trade
Categorised in: Breaking Financial News
Why it matters: President Trump has made the trade deficit a signature grievance of both his campaign and presidency, slapping tariffs on aluminum, steel and $250 billion worth of Chinese goods. But the latest figures from the Commerce Department show the deficit with China has actually risen 7.1% to a record $43.1 billion, with U.S. soybean exports to China dropping 46.8% as a result of retaliatory tariffs.