2018 U.S. Trade Deficit In “Goods” Largest In History at $891 Billion; Overall Trade Deficit Largest Since 2008

 In Economy   Last Updated: March 16, 2019

The Commerce Department said Wednesday [March 6, 2019] that the United States last year posted an $891.2 billion trade deficit in merchandise, the largest in the nation’s 243-year history” and an increase of 12.4% since 2017.

The trade deficit (or surplus) is measured by both goods and services, as well as the combined total.

The overall trade deficit surged 12.5 percent to $621.0 billion in 2018, the largest since 2008.”

 

SOURCE: bea.gov (See Below Citations)

 

 

David Lynch. "As trade deficit explodes, Trump finds he can’t escape the laws of economics." Washington Post, 06 March 2019. Web. 16 March 2019.
Lucia Mutikani. "As Trump wages trade war, U.S. goods deficit hits record high in 2018." Reuters, 06 March 2019. Web. 16 March 2019.
"International Trade In Goods And Services." bea.gov, 06 March 2019. Web. 16 March 2019.
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