Economics
U.S. Goods Trade Deficit With China Reaches Five-Month High
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America’s merchandise trade deficit with China widened slightly in June to a five-month high, government figures showed Friday, a day after President Donald Trump threatened to ratchet up tariffs on a slew of additional imports from the Asian nation.
The gap stood at a seasonally adjusted $30.2 billion after $30.1 billion a month earlier, according to the Commerce Department. The value of American exports to China declined more than imports. The overall U.S. shortfall in goods and services trade narrowed by less than forecast, to $55.2 billion in June.