How to avoid $3 billion trade deficit on US tariffs, exports, and imports

TRENTON — The US is likely to add $3.4 billion to the trade deficit this year with a combination of a combination to international trade imbalance and a $1.2 billion trade surplus on imports, the Treasury Department said Thursday.

The trade deficit, which includes the import price of crude oil and other commodities, is expected to rise to $3,959 billion by 2021, up from $2,937 billion in 2018.

That will make it the largest deficit since 2008, when the economy was in its worst downturn since World War II, when deficits averaged $3 trillion.

It’s a reminder of the fact that the Trump administration, after its rocky start, has been trying to boost the economy and its exports.