WASHINGTON -- The U.S. trade deficit with China in June fell to its lowest level in roughly 21 years, according to data released by the Commerce Department on Tuesday, underscoring structural changes underway in the U.S. trade balance.
Trump tariffs
US runs bigger trade deficits with Taiwan, Vietnam than with China
Data indicates possibility of transshipments through Asian trading partners
Containers are loaded onto a cargo ship at a port in Vietnam. The U.S. trade deficit with Vietnam surpassed that with China in May and June. © Reuters
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