2017 trade deficit hits 10-year high of US$566b
Robust domestic demand pushes imports to record high, complicating Donald Trump's vow to shrink trade gap
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THE US trade deficit widened more than expected in December, hitting its highest level since 2008 as robust domestic demand pushed imports to a record high.
The Commerce Department said on Tuesday the trade gap increased 5.3 per cent to US$53.1 billion. That was the highest level since October 2008 and followed a slightly upwardly revised US$50.4 billion shortfall in November.
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