Submitted by christian on Sat, 11/11/2017 - 17:55
In 2016, the U.S. exported $ 2.2 trillion in goods and services while it imported € 2.7 trillion, leaving a trade deficit of roughly $ 500 billion. Today’s $ 500 billion deficit represents about 2.7 percent of US GDP. By far the largest bilateral trade imbalance is with China. The United States ran a $ 347 billion deficit with China in 2016. The next largest contributor to the deficit at $ 68 billion is Japan and the third contributor in Europe is Germany at $ 65 billion.
