US Trade Deficit Highest in 12 Years. Another Trump Promise Broken.
In July 2020, the US Trade Deficit reached its highest point since July 2008. In 2016 Donald Trump promised to bring down the trade deficit “fast”. Another promise broken.
BONUS FACT: The U.S. / China trade deficit went up until 2019 where it dropped 19%. Sounds good, right? Not really, Trump’s trade war also resulted in $13.7 Billion less in exports to China from the U.S. as China looked for other sources to avoid tariffs.