For the first time in 12 years, the United States set a record for total trade, total exports, total imports and total deficit all in one year, with imports from China topping $500 billion for the first time despite the U.S. trade war with that country.
In 2018, the trade records came tumbling down, including the highest-ever imports from China, though President Trump's trade war did seem to put a damper on U.S. exports to China.
U.S. exports totaled $1.66 billion while imports topped $2.54 billion, both surpassing records set in 2014. Also worth noting: For the second straight year, the United States imported $500 billion in merchandise from China. The record that looked like it would tumble but didn't was the record for the most trade between two countries. U.S.-China trade in 2018 totaled $659.84 billion, $2.26 billion shy of the 2014 U.S.-Canada record. The difference? U.S. exports to China fell $4.46 billion in December alone, a 32.7% decrease.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. Trade Deficit Exploded In 2018 As Total Trade Hit A Record $4 TrillionFor the first time in 12 years, the United States set a record for total trade, total exports, total imports and total deficit all in one year, with imports from China topping $500 billion for the first time despite the U.S. trade war with that country.
Weiterlesen »
Donald Trump's 'America first' trade policies haven't stopped the largest trade deficit in U.S. historyThe overall trade deficit has risen to a record $891.2 billion, the highest in the country's 243-year history.
Weiterlesen »
U.S. trade deficit hits 10-year high following tax cuts, Trump trade warThe deficit widened in 2018 to $621 billion, bucking President Trump’s pledges to reduce it, as tax cuts boosted demand for imports while the strong dollar and retaliatory tariffs weighed on exports.
Weiterlesen »
Opinion | Trade Deficit Freak OutOpinion: The rising trade deficit is the result of faster growth. There's no need to panic, writes The Editorial Board
Weiterlesen »
Opinion | What’s behind the ballooning trade deficitOpinion: What’s behind the ballooning trade deficit
Weiterlesen »
Dow futures point to a lower open after trade deficit numbers; jobless claims in focusU.S. stock index futures were lower Thursday morning as market players remain focused on U.S.-China relations.
Weiterlesen »
U.S. trade deficit just hit a 10-year high due to record shortfall with ChinaThe trade deficit with China grew to a record high in 2018, increasing 11.6 percent to $419.2 billion.
Weiterlesen »
Why can’t Trump cut the trade deficit with China?Trump has made reducing the U.S. trade deficit with China a prime target of his administration, but new figures out Wednesday show that it hit a record for a second straight year under his watch.
Weiterlesen »
U.S. trade deficit hits 10-year high in 2018 on record importsThe U.S. trade deficit surged to a 10-year high in 2018, with the politically se...
Weiterlesen »