The United States‘ trade deficit with China has crept back up close to pre-coronavirus levels after narrowing when the outbreak battered the Chinese economy.The deficit with China – the gap between the amount the US buys from China and what it sells – was US$31.62 billion in July, just 3.46 per cent lower than US$32.8 billion in July 2019.But the rate at which it has grown in recent months will rattle US President Donald Trump, who vowed on the campaign trail in 2016 to eradicate the yawning…
from South China Morning Post https://www.scmp.com/economy/china-economy/article/3100185/us-trade-deficit-china-higher-may-2016-when-donald-trump-said
Friday, September 4, 2020
US trade deficit with China higher than May 2016, when Donald Trump said China was ‘raping’ US economy
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