US trade deficit surges to 10-year high
The skyrocketing US trade deficit last year hit the highest level in a decade, a resounding failure for President Donald Trump's global trade offensive, government data showed Wednesday.
And America's merchandise trade deficit -- the main focus of Trump's ire -- surged to its highest level ever in 2018, as did the imbalance in goods trade with China, Mexico and the European Union -- even after Washington slapped tariffs on hundreds of billions in imports from its largest trading partners.
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