U.S. Ran $200 Billion Trade Deficit With Communist China in First Half of 2022

By Terence P. Jeffrey | August 4, 2022 | 11:52am EDT
Chinese President Xi Jinping (Screen Capture)
Chinese President Xi Jinping (Screen Capture)

(CNSNews.com) - The United States ran a merchandise trade deficit of $200,096,600,000 with the People’s Republic of China in the first six months of this year, according to data released today by the Census Bureau.

That was the largest trade deficit that the United States ran with any country in the January-through-June period.

The second largest trade deficit the United States ran in the first half of this year was with Mexico. But that bilateral trade deficit was $63,444,700,000—less than one-third the size of the $200,096,600,000 trade deficit with China.

The third largest merchandise trade deficit the United States ran in the first half of this year was with Vietnam ($57,808,200,000); the fourth largest was with Canada ($46,166,400,000); and the fifth largest was with Japan ($33,673.600,000).

The top 15 bilateral U.S. merchandise trade deficits in the first half of 2022 in billions of dollars. (Screen Capture/Census Bureau)
The top 15 bilateral U.S. merchandise trade deficits in the first half of 2022 in billions of dollars. (Screen Capture/Census Bureau)

In the first six months of this year, the United States exported $71,645,700,000 in goods to China, but imported $271,742,300,000—resulting in the deficit of $200,096,600,000.

In the first six months of last year, the United States imported $228,465,500,000 in goods from China and exported $71,535,900,000—resulting in a deficit of $156,929,600,000.

The $271,742,300,000 in imports the United States purchased from China in the first six months of this year is up $43,276,800,000—or 18.9 percent—from the $228,465,500,000 in imports that the United States purchased from China last year.

The $200,096,600,000 trade deficit the United States ran with China in the first half of this year is up $43,167,000,000—or 27.5 percent—from the $156,929,600,000 deficit the United States ran with China in the first half of last year.

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