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U.S. Trade Deficit with China

U.S. Trade Deficit with China

| June 24, 2019
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Since 2010 the United States and China have had the world’s largest economies by GDP.  The U.S. is the world’s largest importer, while China is the world’s biggest exporter.  Although most Americans know that the U.S. runs a trade deficit with China, surveys show that relatively few know just how big the trade deficit is or how fast it has been growing.  As the chart shows, every year from 2009 to 2018 the U.S. has imported far more goods from China than it has exported to China.  The trade deficit has grown in 9 of those 10 years and has almost doubled in that time.  (Chart from howmuch.net)

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