Monthly goods deficit with China falls to lowest level in five years Washington. This morning’s latest report from the Department of Commerce shows that the monthly US goods deficit with China fell to just $20.7 billion in March. That’s the smallest monthly deficit with China since March 2014. The Coalition for a Prosperous America (CPA)…
By Jeff Ferry, CPA Chief Economist The US trade deficit in goods and services edged up in March to $50.0 billion, slightly worse than February’s $49.3 billion. But the big news in today’s report from the Department of Commerce was that the US goods deficit with China has fallen significantly, to just $20.7 billion. This…
Editors note: Joe Biden risks being branded as clueless if he does not think China is a competitive threat to the United States. The president plans to use his trade war with China to attack the Democratic front-runner. [Elaina Plott | May 8, 2019 | The Atlantic] When trade talks between the United States and…