US trade deficit hit a record in 2021 as China gap widens

Source: China – South China Morning PostThe US trade-in-goods deficit with its global trading partners expanded last year to a record US$1.1 trillion, with China accounting for about one-third of that amount despite a long-standing dispute aimed at closing the gap, data from Washington shows.The past year’s goods-only deficit with China reached US$355.3 billion, lower only than US$418.2 billion in 2018, the US Commerce Department reported on Tuesday. A US $859.1 deficit in overall trade, including goods and services, set another…Read More

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