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U.S. trade deficit with China shrinks 39% in February

Christian Fernsby ▼ |
The U.S. goods trade deficit with China dropped 38.6 percent in February from the previous month as imports from the Asian country slumped amid the coronavirus outbreak, the Commerce Department said Thursday.

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Topics: U.S.    TRADE    DEFICIT    CHINA   

The trade deficit with the world's second-largest economy stood at $16.00 billion, the lowest level since March 2009.

The deficit with Japan decreased 8.3 percent to $4.57 billion, making the country the fourth-biggest deficit generator for the United States after China, Mexico and Vietnam, according to the department. ■