Trade Deficit with China Decreases $4.2 Billion in March
The trade deficit with China decreased $4.2 billion to $15.5 billion in the month of March.
Exports to China in March increased $0.3 billion to $7.8 billion and imports from China decreased $3.9 billion to $23.3 billion.
In 2019, the U.S.’s trade deficit with China decreased $73.9 billion to $345.6 billion. Trade deficits with China are expected to continue to decrease as China committed to importing an additional $200 billion from the United States in the Phase One Trade Deal signed this past January.