Listen

Trade Deficit

The U.S. trade deficit soared to a 10-year high in 2018 on the heels of a strong economy, despite President Trump's ongoing efforts to bring it down through tariffs on imported goods.

For 2018 as a whole, the deficit grew to $621 billion — the highest since 2008, the Commerce Department said Wednesday. When the service sector is excluded, the gap was even greater, rising to a record $891.3 billion.