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Title : Merchandise Trade Deficit With China Hit Record Through May
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Merchandise Trade Deficit With China Hit Record Through May

CNS: $152,237,500,000: Merchandise Trade Deficit With China Hit Record Through May

(CNSNews.com) - The U.S. merchandise trade deficit with China set a record through May, hitting $152,237,500,000 for the first five months of 2018, according to data released Friday by the Census Bureau.

From January through May, the Census Bureau reports, the United States exported $52,902,300,000 in goods to China while importing $205,139,800,000 in good from China.

That means the dollar value of the goods the U.S. has bought from China so far this year is 3.87 times greater than the dollar value of the goods China has bought from the United States.

Before this year, the largest merchandise trade deficit with China in the first five months of the year was in 2015, when it hit $148,499,390,000 in constant May 2018 dollars (adjusted using the Bureau of Labor Statistics inflation calculator).

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WNU Editor: As I have mentioned more than once before. These numbers cannot be sustained over the long term .... esepcially if you want to keep a manufacturing base.

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