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US deficit reaches 10-year-high

cde.news desk · 1 min read
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epaselect epa07415972 US President Donald J. Trump delivers remarks in front of a portrait of late US President Theodore Roosevelt, at a signing ceremony for an executive order on a 'President's Roadmap to Empower Veterans and End a National Tragedy of Suicide', also known as 'the PREVENTS initiative', in the Roosevelt Room of the White House in Washington, DC, USA, 05 March 2019. A task force newly-created by the White House aims to coordinate research and veteran suicide prevention efforts across numerous government agencies. An estimated twenty US service members and veterans die by suicide each day. EPA-EFE/MICHAEL REYNOLDS

A new report on the state of the US economy has dealt a blow to Donald Trump’s deficit reduction plan.

The deficit between the US and the rest of the world reached a 10-year-high last year, clocking in at $621bn.

The president has justified big new tariffs on foreign trading partners by saying his goal is to reduce the deficit.

Via The Independent

Topics Donald TrumpEconomyUSA