Record trade deficit will put pressure on Trump in upcoming China talks
by Don Lee, Los Angeles Times
Mar 06, 2019
3 minutes
WASHINGTON - President Donald Trump fell further behind in his goal of reversing the nation's trade deficit as the gap in goods soared to an all-time high last year.
That's certain to add pressure on Trump to close a trade deal with China to boost U.S. exports and remove punishing tariffs against American farmers and other businesses.
The U.S. trade deficit with the rest of the world surged 12.5 percent last year to $621 billion, with the goods portion of the shortfall reaching a record high, the Commerce Department reported Wednesday.
In Trump's first two
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