Passed “Peak China”? U.S. Deficit Dips After China Trade Shrinks — Panjiva
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Passed “Peak China”? U.S. Deficit Dips After China Trade Shrinks

China 3048 Mexico 928 Politics 153 Trade Balance 935 U.S. 5399 USMCA 462

The U.S. trade deficit for February fell to $43.6 billion from $48.2 billion a month earlier. That was below the $44.8 billion expected by economists, with a previous drop in the goods deficit reported suggesting services may have disappointed. Nonetheless, services exports increased 5%, led by an 11% rise in financial services and 26% in government services. The latter will presumably fall under the new government budget. Geographically the drop in the deficit was largely due to an 18% fall on a year earlier in China’s surplus vs. the U.S. That takes the 12 month average deficit vs. Chi...

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