US-China Trade Highlights: US imposes 104% tariffs on Chinese goods effective immediately; additional tariffs to be collected starting April 9: White House - The Economic Times
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US-China Trade Highlights: US imposes 104% tariffs on Chinese goods effective immediately; additional tariffs to be collected starting April 9: White House
  • SoleInvictus@lemmy.blahaj.zone
    6·
    11 days ago

    From your source, the last sentence is

    The U.S. goods trade deficit with China was $295.4 billion in 2024, a 5.8 percent increase ($16.3 billion) over 2023.

    Doesn’t that confirm their assertion of a $200B+ trade deficit or am I confused? I’m not particularly economics savvy.

    Edit: derp, I reversed the meaning of their comment, they thought the US has the deficit. They got it backwards!