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.
The trade deficit cannot change until we build out our own manufacturing. It baffles me how stupid republicans are.
Money can travel, labor cannot. So long as we allow these rich pricks to move work offshore we’ll never return manufacturing to the US
It’s easy if you see it as intentional sabotage to force more reliance on the private sector.