U.S. Ran $310.8 Billion Pandemic-Year Trade Deficit With China
By TERENCE P. JEFFREY The United States ran a merchandise trade deficit of $310.8 billion with the People’s Republic of China in 2020, according to data released Friday, February 5 by the Census Bureau.That was the largest merchandise trade deficit the United States ran with any country last year.It was also the ninth straight year this nation’s merchandise trade deficit with China (in non-inflation-adjusted dollars) has exceeded $300 billion.A nation where, as the State Department puts it, “the Chinese Communist Party is the paramount authority” persistently and dramatically beats the United States in the exchange of goods for money.China hauls in all of this money from the United States, year after year, at the same time it denies the God-given…Continue Reading