Tag: US-China trade imbalance

The US trade deficit in manufactured products has been growing for many years as production moved out of the country. In the 2009 period, the 12-month moving average of the monthly deficit was about US$40 billion.

It has increased markedly during the past several years. In October 2021, that average reached about $90 billion – a sharp 50% increase from about $60 billion in February 2020.