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Bookmark or Share- U.S. Trade Deficit With China and Why It's So High - The BalanceUpdated on October 25, 2021. Reviewed by. Michael J Boyle. Fact checked by Julian Binder. Photo: The Balance. The U.S. trade deficit with China is high. Learn what's being done to lower it.
- The People's Republic of China - United States Trade RepresentativeThe U.S. goods trade deficit with China was $382.3 billion in 2022, a 8.3 percent increase ($29.4 billion) over 2021. U.S. exports of services to China were an estimated $41.5 billion in 2022, 5.2 percent ($2.1 billion) more than 2021, and 39 percent greater than 2012 levels.
- The Contentious U.S.-China Trade RelationshipLast updated September 26, 2023 12:00 pm (EST) Summary. U.S.-China trade exploded in the two decades after China joined the World Trade Organization in 2001. This trade has benefited...
- A New Approach to Rebalancing the U.S-China Trade DeficitDecember 20, 2021. shaunl/Getty Images. Share. Save. Summary. Tariffs have not succeeded in reducing the U.S. trade deficit with China. A much better way for the U.S. to tackle this problem...
- China Balance of Trade - TRADING ECONOMICSThe trade with the US was at USD 664 billion in 2023, down 11.6% from 2022, the first decline since 2019. Meanwhile, trade between China and Russia reached USD 240.1 billion, hitting a new record high in 2023, growing 26.3% from a year earlier.
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