Did the U.S. Bilateral Goods Deficit with China Increase or Decrease During the U.S.-China Trade Conflict?
Posted: 9 Jul 2021
Date Written: June, 2021
The United States' bilateral goods trade deficit with China appeared to have narrowed substantially since the escalation of the U.S.-China trade conflict in 2018, or so U.S. trade data suggest. By contrast, the Chinese data tell a much different story: the deficit, as implied by China's bilateral surplus, nearly reached historical highs by the end of 2020.
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