U.S. Trade Deficit Exploded In 2018

In 2018, the trade records came tumbling down, including the highest-ever imports from China, though President Trump's trade war did seem to put a damper on U.S. exports to China.For the first time in 12 years, the United States set a record for total trade, total exports, total imports and total deficit all in one year, according to U.S. Census Bureau data released today.The U.S. trade deficit exploded in 2018, reaching $878.68 billion. It had not topped $800 billion since 2008, though it has increased seven of the last nine years. The previous record year was 2006. Somewhat surprisingly, the reason for the 12-year drought for a record for total trade, total exports, total imports and trade deficit in one year was, in fact, the much-maligned trade deficit.