The US Trade Deficit is the difference between what we Import from other countries minus what we Export to other countries. The Trade Deficit is the result of “Offshoring” US Manufacturing and the US failure to produce what it consumes.
In 1987, the US Trade Deficit was $152,119.1. The US Trade Deficit ran into the $Trillions in 2021 and reach a high of $1,204,719.4 in 2024.
2017 $792,395.9
2018 $870,358.4
2019 $845,759.2
2020 $901,481.8
2021 $1,070,771.8
2022 $1,167,084.9
2023 $1,056,317.2
2024 $1,204,719.4
2025 $889,315.4 January-August
https://www.census.gov/foreign-trade/balance/c0015.html
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Our current efforts to “Re-Shore” Manufacturing will lower our Imports and increase “Next Generation” Manufacturing jobs for US Citizens. Trump is using Tariffs to lower the US Trade Deficit and allow the US to produce more of what it consumes.
Norb Leahy, Dunwoody GA Tea Party Leader
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