The U.S. trade deficit jumped nearly 19 percent in December, pushing the trade imbalance for all of 2018 to widen to a decadelong high of $621 billion. The gap with China on goods widened to an all-time record of $419.2 billion.
The Commerce Department figures released Wednesday undermined a key commitment by President Donald Trump, who promised to cut the trade imbalance on the belief that it would bring back overseas factory jobs and bolster the broader U.S. economy.
But America’s appetite for...
https://container-news.com/us-trade-gap-hit-10-year-high-december/