CNS: $119,050,900,000: Merchandise Trade Deficit With China Hit Record Through April
(CNSNews.com) - The U.S. merchandise trade deficit with China set a record through April, hitting $119,050,900,000 for the first four months of 2018, according to data released today by the Census Bureau.
From January through April, the Census Bureau reports, the United States exported $42,291,500,000 in goods to China while importing $161,342,400,000.
In other words, when measured by dollar value, the United States bought about 3.8 times as much in goods from China as China bought from the United States.
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WNU Editor: This is not sustainable in the long run, and these numbers make a joke out of China's offer to buy $70 billion of U.S. goods over a period of time (not specified) if the U.S. halts the implementation of tariffs .... China Offers to Buy Nearly $70 Billion of American Goods if U.S. Halts Tariffs (The New York Times).
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