The U.S. trade deficit swelled in December, closing out a year in which the imbalance was essentially unchanged despite efforts by the Trump administration to close the wide gap.

Closing out a tumultuous year in the global marketplace, the goods and services shortfall in December totaled $70.3 billion, the Commerce Department reported Thursday. That marked an increase of $17.3 billion from November and was well above the Dow Jones consensus estimate of $55.5 billion.

For the full year, the U.S. ran a $901.5 billion deficit, down slightly from 2024 but only by 0.2%, or $2.1 billion. The total was also a bit less than the record $923.7 billion shortfall in 2022.

  • Catma@lemmy.world
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    2 days ago

    So you are telling me Trump lied when he posted that the trade deficit was reduced by 78%?

    Why would I believe your fake math with real numbers and evidence over what the president says? Clearly everyone has TDS and cannot accept their new God Emperor.

    /s because the internet is a silly place and someone might think i believe this slop.