Trade Deficit

Trade Deficit Hit Highest Point Since 2008 Last Year

Despite a slight dip in December, 2020 was a boom year for the U.S. trade deficit. The deficit between U.S. exports and imports hit a 12-year-high in 2020 as the COVID-19 pandemic hammered supply chains around the world. Full-year results for 2020 showed a deficit of $678.7 billion, 17.7% more than 2019 and the highest …

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