US Trade Deficit Tops $1 Trillion For The First Time

FILE PHOTO: Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson/File Photo  

The Hill: Trade deficit tops $1 trillion for first time 

The U.S. trade deficit for goods surpassed $1 trillion for the first time in 2021 as the country saw an economic rebound after months of hardship amid the COVID-19 pandemic. 

The trade gap in goods increased to $1.08 trillion in 2021, according to MarketWatch, which was up from $893.5 billion the year before. 

The international trade deficit rose three percent in December, according to an advanced economic indicators report from the Census Bureau, increasing from $98 billion in November to $101 billion in December. That jump was the largest monthly growth on record, according to MarketWatch, and the first time the statistic has surpassed $100 billion, Reuters noted.  

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WNU Editor: China's trade balance is the exact opposite .... China Exports In 2021 Touches $3.36 Trillion, Trade Surplus At A Record $676.4 Billion Even As Imports Grew by 32.7% (Swarajya).