March Trade Volume Collapses as US Deficit with China Hits New Low

Overall Deficit Rises 12% Due to EU, Mexico, & Canada By Steven L. Byers, PhD and Jeff Ferry As the US went into a self-imposed quarantine, US trade volume collapsed, with exports down 11 percent from a year ago and imports down 12 percent.  The US goods trade deficit with China fell to $11.8 billion,…