Index
Containers are piled up at the Duisburg harbour, Germany, Thursday, Feb. 14, 2013. The German economy shrank by a larger-than-expected 0.6 percent in the final quarter in 2012, official figures showed Thursday, Feb. 14, 2013, in a clear sign that the European financial crisis took its toll on the continent's largest economy. The quarterly decline was primarily due to a drop in exports as demand weakened from other European nations, many of which are in recession, the Federal Statistical Office said. (AP Photo/Frank Augstein

The US trade deficit increased to a record level during Trump’s first year in office

12.1%

Donald Trump promised during his campaign that the US would boost exports and cut imports. But his first year in office ended with the US trade deficit at its highest level in almost a decade.

Published   |  Photo by AP Photo/Frank Augstein
Containers are piled up at the Duisburg harbour, Germany, Thursday, Feb. 14, 2013. The German economy shrank by a larger-than-expected 0.6 percent in the final quarter in 2012, official figures showed Thursday, Feb. 14, 2013, in a clear sign that the European financial crisis took its toll on the continent's largest economy. The quarterly decline was primarily due to a drop in exports as demand weakened from other European nations, many of which are in recession, the Federal Statistical Office said. (AP Photo/Frank Augstein
12.1%

Containers are piled up at the Duisburg harbour, Germany, Thursday, Feb. 14, 2013. The German economy shrank by a larger-than-expected 0.6 percent in the final quarter in 2012, official figures showed Thursday, Feb. 14, 2013, in a clear sign that the European financial crisis took its toll on the continent's largest economy. The quarterly decline was primarily due to a drop in exports as demand weakened from other European nations, many of which are in recession, the Federal Statistical Office said. (AP Photo/Frank Augstein
12.1%

The deficit grew over 12% last year, reaching $566 billion, the Department of Commerce said Tuesday. In particular, the deficit with China rose steeply.

Containers are piled up at the Duisburg harbour, Germany, Thursday, Feb. 14, 2013. The German economy shrank by a larger-than-expected 0.6 percent in the final quarter in 2012, official figures showed Thursday, Feb. 14, 2013, in a clear sign that the European financial crisis took its toll on the continent's largest economy. The quarterly decline was primarily due to a drop in exports as demand weakened from other European nations, many of which are in recession, the Federal Statistical Office said. (AP Photo/Frank Augstein
12.1%

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