ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Trade War

US trade deficit with China drops for first time in 7 months

Figure declined 7.4% in November as sanctions shrank imports

Despite aggressive new tariffs, the U.S. is on track for a record trade deficit with China for 2018.   © Reuters

WASHINGTON -- The U.S. goods trade deficit with China fell for the first time in seven months in November, falling 7.4% from the previous month to $35.36 billion, Commerce Department data out Wednesday shows.

The decrease came largely from a 6.4% drop in imports from the Asian country. Businesses rushed to get shipments through before the Trump administration's additional 10% tariff on $200 billion of Chinese products took effect that September. This ate into demand for subsequent months.

Exports to China also fell 1.5% from retaliatory tariffs and the Chinese economy's loss of momentum.

The deficit with China for the January-November period jumped 10.8% on the year to $378.95 billion. The figure already exceeds the record full-year tally for 2017 and is expected to have reached a new high in 2018. Despite U.S. President Donald Trump's pledge to narrow the figure, the trade war appears to have widened the gap.

Overall, the U.S. logged a $70.48 billion goods trade deficit in November, down 8.6% on the month.

The November figures were delayed a month by the partial government shutdown.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media