PROSPER WEEKLY
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PROSPER WEEKLY
The U.S. trade deficit with China fell by 46% in March 2026 compared to March 2025. USTR trumpeted that fact in a recent release. Sounds like a huge win, right?
Not at all. In fact, everything moved in the wrong direction. Chinese imports were up year over year.
According to a new CPA analysis, the decline wasn’t driven by some surge in American exports to China—those actually fell somewhat. Instead, the entire “trade deficit” drop came from importers simply reporting that Chinese goods were worth a lot less than before.
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FEBRUARY 16, 2024
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