Trade Deficit

BEIJING | Trump wants China to reduce trade deficit by $200B by 2020

BEIJING — Striking an assertive position, the Trump administration has asked China to reduce its trade deficit with the U.S. by $200 billion by the end of 2020. A U.S. official confirmed the authenticity of a document making that and other requests that were presented to China ahead of two days of trade talks that … Continue reading BEIJING | Trump wants China to reduce trade deficit by $200B by 2020

US trade deficit rises to $48.7 billion on record imports

WASHINGTON /December 4, 2017 (AP) (STL.News) — Record imports lifted the U.S. trade deficit to $48.7 billion in October, highest since January. The Commerce Department said Tuesday that the trade gap rose 8.6 percent in October from $44.9 billion in September. Imports hit a record $244.6 billion in October, and exports were unchanged at $195.9 … Continue reading US trade deficit rises to $48.7 billion on record imports

US trade deficit widened slightly in July as exports slipped

WASHINGTON/September 6, 2017 (AP)(STL.News) — The U.S. trade deficit increased slightly in July as exports slipped a bit more than imports. The Commerce Department said Wednesday that the trade gap reached $43.7 billion in July, up from $43.5 billion in June. Exports declined $600 million to $194.4 billion, while imports slid $400 million to $238.1 … Continue reading US trade deficit widened slightly in July as exports slipped