U.S. Posts Record Annual Trade Deficit



Paul Kiernan | The Wall Street Journal

The shortfall grew last year despite President Trump’s aim to reduce it

WASHINGTON—The U.S. posted its widest monthly trade gap since 2008 in December and a record annual deficit in goods as sturdy economic growth underpinned higher spending by American consumers and businesses.

The international trade deficit in goods and services widened 19% in December from the prior month to a seasonally adjusted $59.8 billion, the Commerce Department said Wednesday. Economists surveyed by The Wall Street Journal had expected a $57.3 billion gap.

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