.Increased imports from China.
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Trade deficit
the rise in cost of imported oil
The US' trade deficit is a major concern as it directly affects the economy. This is the among the gauges used to judge the competitiveness of the US economy.
The US has a trade deficit with China. That means China sends the US goods worth worth more money than those the US sends China.
by 2004, the United States realized a record trade deficit of nearly $651 billion.