US Trade Deficit Hit All-Time High in Biden’s First Full Month in Office

US Trade Deficit Hit All-Time High in Biden’s First Full Month in Office


The U.S. trade deficit hit an all-time high in February as Americans bought more imported goods in President Joe Biden’s first month in office.

The trade deficit jumped 4.8 percent to $71.1 billion in February, according to a report released Wednesday from the Commerce Department.

The surge is a $3.3 billion increase from January’s deficit of $67.8 billion.

The US trade deficit in February surged to a record high, according to the latest @CommerceGov report. https://t.co/sDO5rSEbzW pic.twitter.com/BP4BlT2oQ5

Trending: Why Is President Trump Pushing The Vaccine? Some Thoughts…

— Steve Herman (@W7VOA) April 7, 2021

TRENDING: Biden Tries to Backtrack on Georgia Boycotts When He Realizes Whom They Actually Hurt

The record comes after Americans received more stimulus checks from Biden’s $1.9 trillion COVID relief bill.

The U.S. economy also gained 916,000 new jobs in March, according to MarketWatch.

“Faster U.S. growth relative to the rest of the world has widened the trade deficit to a historic record,”

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend