by Kent Covington
Posted 3/07/19, 10:16 am
The U.S. trade deficit jumped nearly 19 percent in December to a 10-year high of $621 billion. The gap between what the United States sells and what it buys from other countries rose to nearly $60 billion at the end of 2018. Adjusted for inflation, that’s the highest imbalance on trade goods in U.S. history. President Donald Trump’s trade war with China didn’t do anything to close the trade gap. But White House economic adviser Larry Kudlow said a deal for more equitable market exchanges with China could come soon.