The trade of American corn, soybeans, wheat, and other grains for imported goods, like meat, seafood, cheese, and dairy products, is the backbone of the global food economy.
But the U.S. trade deficit is at a record high.
A recent report from the Congressional Budget Office (CBO) found that the U,S.
deficit is now $1.3 trillion.
That’s up from $1 trillion in 2017, and the highest level since the year 2000.
But it’s far from the largest trade deficit in history, with the US. economy at the very bottom of the pack, according to the Congressional Research Service.
The CBO report does not include trade data for other major economies, like Japan and China, which are not considered to have a deficit.
But China, for example, has the highest trade deficit of any major economy in the world.
The report also does not show any significant increases in trade between the U and China since 2000.
That could be due to an improvement in the economy or the emergence of China as a major player in the global economy.
The Trump administration has been focused on cutting U. S. trade deficits, which is why President Donald Trump announced a $1,000 surcharge on imported goods and services on Jan. 1, 2018.
The budget also includes a plan to eliminate some of the regulations imposed by President Donald J. Trump’s predecessor, President Barack Obama, including the Trans-Pacific Partnership (TPP).
That plan is likely to cost jobs and cause some businesses to lay off workers, according, to the CBO report.