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U.S. Trade with China: Selected Resources

U.S. Trade Deficit and China

The U.S. Census Bureau's foreign trade data shows that in 2018 China exported $380 billion more in goods and services to the United States than it imported from the United Sates. If only trade in goods is considered, the imbalance is a deficit of $419 billion with U.S. exporting $120 billion in goods and importing $539 billion of goods. Reasons for the imbalance are disputed. Among the reasons claimed is China’s devaluated currency, but that has largely been resolved with China’s current market-based valuation of its currency. The predominant complaints now are the restrictive market access to Chinese markets and numerous government controls creating an economy of “state capitalism”.

The canned searches linked below will browse the Library of Congress Online Catalog for more materials on the topic of U.S. trade with China using authorized subject headings.