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Capitol Report: The best-case scenario is the U.S. trade gap with China will get worse

The U.S. trade deficit with China looks to be headed higher even if China lives up to a pledge to boost agricultural and energy imports.

That’s the conclusion of Brad Setser, a senior fellow at the Council for Foreign Relations, who tweeted out his thoughts in reaction to the deal.

The U.S. ran a $375 billion deficit in goods with China last year, exporting $130.37 billion worth of goods to the Asian giant. On the services side, the U.S. enjoyed a $38.5 billion surplus.

Over the weekend, Treasury Secretary Steven Mnuchin said the U.S. has specific, “industry by industry” targets for boosting exports to China.

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