Continued strong consumer appetite for overseas goods pushed up the U.S. trade deficit in December, sending the full-year import-export gap to a record level in 2021
The U.S. trade deficit increased 27% last year to an all-time high of $859.
1 billion, underscoring the strength of the nation’s economy and its continued hefty dependence on imports from China and other countries.in goods and services well exceeded the previous record of $763.53 billion in 2006, the Commerce Department said Tuesday. Annual trade-balance records, which aren’t inflation-adjusted, date to 1960.
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