The U.S. Census Bureau reported that the U.S. goods trade deficit reached a record of $891.3 billion in 2018, an increase of $83.8 billion (10.4 percent). The broader goods and services deficit reached $621.0 billion in 2018, an increase of $68.8 billion (12.5 percent). The rapid growth of U.S.
It interesting that while Russia under sanctions, they are running a trade surplus. Indeed they are one of the only Countries on the planet that has a surplus with China.
This 891 billion deficit is due to dollar hegenomy. As the Worlds reserve currency trade deficits are not that big an issue as the Feds just print up dollars other Countries need. This is one of the main reasons the USA goes to war against all of those nations they deem as “terrorists”. It because those Countries stop using the dollar. This is changing as other Countries start to trade in other currencies , this in turn prompting more hysteria against those same Countries and claims more Military spending needed.
Meanwhile, rumps’s wife’s luxury goods are manufactured in China.
American jobs? Lip service.