US Trade Deficit 1-16-25

This Trade Deficit update includes data from Jan-Nov 2024. The US trade deficit went out of control in 2021 and 2023. We need to produce everything we consume.

Year   $ Trillions   

2024 -1.0745131 est

2023 -1.0621110   

2022 -1.1734188

2021 -1.0707718

 

Year    $ Billions

2020   -901.4818

2019   -845.7592

2018   -870.3584

2017   -792.3959

2016   -735.3260

https://www.census.gov/foreign-trade/balance/c0004.html

Comments

The US Trade Balance data from census.gov has been revised. It finally shows the US Trade Deficit moved into the Trillions in 2021. Trump tried to reduce the US Trade Deficit during his first term 2017-2020. Trump will continue to try to lower the US Trade Deficit in his second term 2025-2028.

Norb Leahy, Dunwoody GA Tea Party Leader