US imports from China that's causing a huge trade deficit
- Vicky Marie
- Mar 24, 2018
- 1 min read
President Donald Trump intends to apply tariffs on Chinese goods worth up to $60 billion in an effort to slash the huge U.S. trade deficit with China and protect sensitive technologies.
It won’t be easy. It might even be impossible. The U.S. has run large deficits with China for years and in some cases no longer produces certain goods such as consumer electronics that are popular with Americans.
In 2017, the U.S. posted a $375.2 billion deficit in goods with China. Most glaring is the huge deficit in computers and electronics, but the U.S. is a net importer from China in most market segments except for agriculture.
China has been a big buyer of American-grown soybeans and other crops. Planes made by Boeing also are a product in demand in China.
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