Record trade deficit

Fortune -President Trump’s America First policies are not having their intended effect.

The Commerce Department reported the U.S. posted a more than $891 billion merchandise trade deficit last year—the largest in the history of the country.

Significantly, the trade deficit with China hit a record $419 billion, despite a series of tariffs the administration imposed on Chinese goods to decrease reliance on imports.

The data shows that Trump’s America First policies to close the trade gap haven’t had their desired effect. Americans are importing far more from abroad than they are exporting—imports grew 7.5% while exports increased only 6.3%.