Did the U.S. Bilateral Goods Deficit with China Increase or Decrease During the U.S.-China Trade Conflict?

Posted: 9 Jul 2021

See all articles by Hunter L. Clark

Hunter L. Clark

Federal Reserve Banks - Federal Reserve Bank of New York

Anna Wong

Board of Governors of the Federal Reserve System

Date Written: June, 2021

Abstract

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.

Suggested Citation

Clark, Hunter L. and Wong, Anna, Did the U.S. Bilateral Goods Deficit with China Increase or Decrease During the U.S.-China Trade Conflict? (June, 2021). FEDS Notes No. 2021-06-21-4, Available at SSRN: https://ssrn.com/abstract=3875098 or http://dx.doi.org/10.17016/2380-7172.2927

Hunter L. Clark (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Anna Wong

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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