Photo by Futureatlas.com. Via Wikimedia Commons.

According to a new report for the first time ever the U.S. trade deficit has now surpassed one trillion dollars.

The Details: Throughout 2021 the trade disparity in goods rose to 1.08 Trillion dollars, a number which increased from the $893.5 billion seen the previous year.

The deficit increased by three percent in December, the biggest increase on record.

The common explanation for the major deficit increase has been the large, debt fueled, rebound experienced by the U.S. economy. Which has enabled its consumers to vastly increase their appetite for foreign made goods.

 

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max
3 months ago

Take the deficit out of Joe Biden’s salary!

Mort
Mort
3 months ago

Shocker !
These K0mmie DUMBycrats ALWAYS crash our economy,, and DEBT !

Anthony Guastell
Anthony Guastell
3 months ago

Shutting down numerous avenues of Domestic oil production and usage has palyed a major part of this terrible equation. And any goods produced in Communist CHina should returned to the US. The shipping costs and pollution and uncertainties alone, would be amajor boon and benefit for the Americvan consumer. But selfish pwoerful interests block anything that even remotely resembles doing what is right. Allowing evil to proliferate in Communist China and other repressive nations.