by Mychael Schnell at The Hill
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.
The trade deficit can in part be attributed to the U.S. economy’s rebound this year amid the pandemic, according to MarketWatch. Americans received significant stimulus support…
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