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United States trade deficits from 1997 to 2021. Deficits are over 50 billion dollars as of 2021 with the countries shown. Data from the US Census Bureau.. The balance of trade of the United States moved into substantial deficit from the late 1990s, especially with China and other Asian countries.
The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats. The trade gap increased 24.7% to $98.4 billion, the highest since ...
President Donald Trump's mission to close the U.S. trade deficit met a greater challenge as America's trade deficit in goods soared to a record $1.2 trillion in 2024.
A wider trade deficit as a result of an influx of imports is usually offset by a rise in inventories in the calculation of GDP. ... The dollar gained 9.0% against the currencies of the United ...
This is a list of countries by net goods exports, also known as balance of trade, which is the difference between the monetary value of a nation's exports and imports over a certain time period. [1] The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1 .
Since the mid-1980s, the United States has had a growing deficit in tradeable goods, especially with Asian nations (China and Japan) which now hold large sums of U.S. debt that has in part funded the consumption. [13] [14] [15] The U.S. has a trade surplus with nations such as Australia. The issue of trade deficits can be complex.
Last year, the US trade deficit with China was $295 billion, a major decline from the record $418 billion gap set in 2018 — during Trump's first term. The trade deficit with Mexico, however ...
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