US Goods Trade Deficit With China Sinks to 5-Year Low - Forex News by FX Leaders
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US Goods Trade Deficit With China Sinks to 5-Year Low

Posted Friday, May 10, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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