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The Trade Deficit Hit an All-Time High at the End of 2018

Despite President Trump’s insistence that he could negotiate his way to a lower trade deficit, the gap hit an all-time high of $891.2 billion in 2018.

The monthly trade gap widened from $50.3 billion in November to $59.8 billion in December, which was a bigger gap than what most economists had initially predicted. Imports rose by $5.5 billion from November, and exports fell by $3.9 billion.