mo4ch:>US trade deficit soars to decade high of $621 billion despite Trump pledge to bridge the gap | Mo4ch News
Despite the trade war against China and numerous import tariffs imposed on a number of countries, the US trade deficit hit a 10-year high of $621 billion last year, the US Commerce Department reported.In December alone, the imbalance in trade, which represents the difference between the values of imported goods and services and the value of the country’s sales abroad, jumped nearly 19 percent to a seasonally adjusted $59.8 billion. The shortfall reportedly came due to a 2.1-percent increase in imports to $264.9 billion, while exports saw a decline of 1.9 percent to $205.1 billion.The full-year figure represents the highest mark since 2008, when the country reported a $709 billion deficit due to the peak of the recession. In 2018, the goods and services year-on-year shortfall increased by $68.8 billion, or 12.5 percent.Also on rt.comUS & China start outlining deal to end trade war – reports“Exports increased $148.9 billion, or 6.3 percent. Imports increased $217.7 billion, or 7.5 p…