COMMENTARY: U.S. Ran $310.8 Billion Pandemic-Year Trade Deficit With China – By Terence P. Jeffrey (CNS News) / Feb 10 2021
The United States ran a merchandise trade deficit of $310.8 billion with the People’s Republic of China in 2020, according to data released Friday by the Census Bureau.
That was the largest merchandise trade deficit the United States ran with any country last year.
It was also the ninth straight year this nation’s merchandise trade deficit with China (in non-inflation-adjusted dollars) has exceeded $300 billion.
A nation where, as the State Department puts it, “the Chinese Communist Party is the paramount authority” persistently and dramatically beats the United States in the exchange of goods for money.
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