Ugliest-ever trade deficit. But US exports grew to $2 trillion, 10% was crude oil & petroleum products. Pharma & industrial machinery exports were #3 and #4.

The US still exports a lot of stuff — record amounts. But it drowns under a tsunami of imports. And the services surplus fizzled.

Three-decade trend brought about by Corporate America and the religion of globalization.

Driven by Corporate America and the most grotesquely overstimulated consumer spending ever.