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U.S. Trade Deficit With China Hits Record, Fueling New Fight


(Ana Swanson – New York Times)

The United States trade deficit with China climbed to its highest level on record in 2017, a trend that could prompt the Trump administration toward tougher trade actions in the coming months.

The gap between Chinese goods imported to the United States and American goods exported to China rose to $375.2 billion last year, up from $347 billion the prior year, data released Tuesday morning by the Commerce Department showed.

The overall United States trade deficit in goods and services with the world widened 12.1 percent to $566 billion last year, the largest gap since 2008. Click here to read more.

Related: U.S. International Trade in Goods and Services – December 2017 (BEA)