U.S. trade deficit surges to record high of nearly $950 billion

Tuesday, February 7, 2023 | Tag Cloud Tags: ,

(Worthy News) – The U.S. trade deficit rose in 2022 to the largest-ever recorded gap of $948.1 billion as American consumers continue to depend heavily on imports to meet demand, according to data released Tuesday by the Commerce Department.

The goods and services gap grew $103 billion from 2021, according to The New York Times.

Exports increased 17.7% last year to $3 trillion, while imports rose 16.3% to $4 trillion, data shows. [ Source: Just the News (Read More…) ]

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