US Trade Deficit Skyrockets to All-Time High During Biden’s First Year in Office
(Worthy News) – The U.S. trade deficit of 2021 hit record levels, nearing $1 trillion. This comes despite the Biden administration’s promises to improve the economy and bolster American manufacturing.
The trade deficit jumped 27 percent in 2021 and hit a record $859.1 billion, Market Watch reported.
This is the largest deficit seen since 2006, which previously held the record with $763.53 billion, the Wall Street Journal reported. [ Source: Western Journal (Read More…) ]
$355,301,700,000: U.S. Trade Deficit With China Tops $300 Billion for 10th Straight Year
The United States ran a $355,301,700,000 merchandise trade deficit with the People’s Republic of China in 2021, marking the tenth straight year the U.S. trade deficit with China has topped $300 billion, according to data released today by the Census Bureau.
In every year since 2012, the U.S. merchandise trade deficit with China has exceeded $300 billion, according to the Census Bureau, hitting an all-time high of $418,232,900,000 in 2018. [ Source: CNS News (Read More…) ]