US Imports From China Down by About $3 Billion in November
Imports from China into the U.S. were down $2.9 billion in November 2018 from the previous month, according to a monthly international trade report released Feb. 6 by the U.S. Census Bureau and U.S. Bureau of Economic Analysis. Overall, imports…
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of goods decreased $7.9 billion to $211.9 billion in November. Of that decrease, consumer goods imports were $4.3 billion lower, with cellphones and other household goods representing $2.3 billion of the total. The U.S. trade deficit with China fell about $2.8 billion to $35.4 billion in November. Overall, the total U.S. trade deficit fell to $49.3 billion in November from $55.7 billion in October, according to the report, including an estimated $7.7 billion decrease in imports for the month. China was by far the U.S.’s largest trade-deficit partner in November, with more than twice the value of the U.S.’s second-largest trade-deficit partner, the European Union ($13.8 billion).