Fact of the Day: The Trade Deficit Is Getting Worse

Every president promises to reduce the trade deficit, but few come through. The elder Bush did it and Barack Obama did it, but that’s it for the past six presidents. The rest of them just made it worse. In recent years, the trade deficit stayed steady during Obama’s second term at about -2.8 percent, but despite Trump’s widespread imposition of tariffs and his promise to reduce the trade deficit, he was unable to make a dent in it when he took over. In fact, the trade deficit is set to get worse this year, projected to finish at about -3 percent.

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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