US Trade Deficit Edges Up To $50.0B as China Deficit Shrinks to Lowest in Five Years
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…