The current situation is reminiscent of the mid-1980s, when the U.S. ran a record current account deficit of 5 percent of GDP ...

The difference results in a trade imbalance with a trade deficit for the US and a trade surplus for China. On an a larger scale of comparison, the U.S. holds the largest trade deficit in the world ...

According to Forbes, "There appears to be little Trump, Biden or any president can do about trade deficits, despite vowing to bring back manufacturing to the United States, which remains the world ...

According to Forbes, "There appears to be little Trump, Biden or any president can do about trade deficits, despite vowing to bring back manufacturing to the United States, which remains the world’s ...