The United States ran a $355,301,700,000 merchandise trade deficit with the People’s Republic of China in 2021, marking the tenth straight year the U.S. trade deficit with China has topped $300 billion, according to data released today by the Census Bureau.
In every year since 2012, the U.S. merchandise trade deficit with China has exceeded $300 billion, according to the Census Bureau, hitting an all-time high of $418,232,900,000 in 2018.
