U.S. trade gap surged to $621B in 2018, highest in decade

THE U.S. TRADE deficit widened in 2018 to a 10-year high of $621 billion. / BLOOMBERG NEWS FILE PHOTO/TIM RUEM
THE U.S. TRADE deficit widened in 2018 to a 10-year high of $621 billion. / BLOOMBERG NEWS FILE PHOTO/TIM RUEM
NEW YORK -The United States trade deficit widened in 2018 to a 10-year high of $621 billion, bucking President Donald Trump’s pledges to reduce it, as tax cuts boosted domestic demand for imports while the strong dollar and retaliatory tariffs weighed on exports. The annual deficit in goods and services increased by $68.8 billion, or…

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