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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 US trade deficit could very well hit $1 trillion when the Commerce Department releases its 2024 data next month. China, on the other hand, just reported a nearly $1 trillion surplus.
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 first Trump tariffs were protectionist trade initiatives during the first Trump administration against Chinese imports.
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... "Instead, these data signal the economy is nearing full employment, not moving away from it. ... the trade deficit widened by 6.2% ...
The government revised the trade data from January through June 2024 to incorporate more comprehensive and updated quarterly and monthly figures. Imports increased 2.1% to $345.4 billion.
Indeed, the EU has consistently exported more goods to the United States than it has imported and the U.S. goods trade deficit stood at 155.8 billion euros ($161.6 billion) in 2023, according to ...
The U.S. Trade Deficit represents imports greater than exports; it was $628 billion (3.0% GDP) in 2018 and $617 billion (2.9% GDP) in 2019. [270] The U.S. has a trade deficit in goods partially offset by a trade surplus in services. The goods-only trade deficit with China was $375 billion in 2017, $420 billion in 2018, and $346 billion in 2019 ...
The U.S. trade deficit in goods widened sharply in December, likely as businesses front-loaded imports in anticipation of broad tariffs from President Donald Trump's new administration. The goods ...