The politically sensitive
goods trade gap with China dropped 11.6 per cent to $ US25.9 billion, which will probably do little to ease tensions between the United States and China.
The politically sensitive
goods trade gap with China dropped 11.6 percent to $ 25.9 billion, which will probably do little to ease tensions between the United States and China.
Not exact matches
The Trump administration has long promised to eliminate the
trade gap, citing it as evidence of the decline of American manufacturing and a troubling reliance on foreign
goods.
The overall United States
trade deficit in
goods and services with the world widened 12.1 percent to $ 566 billion last year, the largest
gap since 2008.
The American
trade deficit fell in March, yet the
goods gap with China, $ 106 bln this year so far, keeps widening.
The deficit was led by a record rise in imports to # 55.78 billion and a sharp fall in the
trade gap of
goods.
Analysts had expected the overall
gap to narrow to $ 49.8 billion, based on a significant improvement in the advance
trade goods gap.