US Goods Trade Deficit With China Sinks to 5-Year Low

The US goods trade deficit with China hitting a five-year low in March.

Trade in Focus

The aftereffects of the trade war between US and China have started to kick in, with the US goods trade deficit with China hitting a five-year low in March. This could just escalate trade tensions between the two countries.

According to data released by the Commerce Department, the figure went down to 16.2 percent to seasonally unadjusted $20.7 billion, the lowest since March 2014. Meanwhile, the overall trade deficit has risen by 1.5 percent to touch $50 billion. Economists’ expectations were for $50.2 billion.

Inflation-adjusted goods trade deficit for March grew by $0.5 billion to reach $82.1 billion. As a result of this data release, the US dollar index traded lower against major currencies and US stocks also took a bearish turn.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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