Trade deficit with China continues to rise
June 8, 2017,
WASHINGTON – U.S. Census figures show that the overall trade deficit with China continued to be an issue in 2016, narrowing only slightly to $347 billion, from $367.2 billion the year before.
During the first four months of the year, it was already at $106.5 billion, signaling another banner year for China exports and continued debate – and likely tweets - from President Trump on China’s continued impact on the U.S. economy.
China also is one of the largest international customers for U.S.-made furniture. Still the furniture trade deficit with China was significant over the past two years: $13.5 billion in 2016 and $13.2 billion in 2015.
In the coming weeks, Furniture Today will look at how the overall deficit has changed in the industry in recent several years, and we would live to hear your take on the issue. Email your thoughts to Tom Russell at firstname.lastname@example.org or call directly at 336-605-3815.
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