The United States' trade deficit with Chitna reached an all-time high
of more than $35 billion in September, representing 80 percent of the
US' total trade gap of $43 billion, according to US Commerce Department
data released Tuesday.
Economists are calling the development the result of macroeconomic shifts in the world's two largest economies.
Some of the main countries the US trades with, including the EU and China, are experiencing economic deceleration, according to David Dollar, a senior fellow at the Brookings Institution's John L Thornton China Center in Washington.
"Right now the United States' growth is quite good and accelerating, whereas Europe is in danger of going into recession and China is slowing down, so it's not surprising that US exports to Europe and China fell," Dollar said.
US-China trade deficit hits record high|Politics|chinadaily.com.cn
Economists are calling the development the result of macroeconomic shifts in the world's two largest economies.
Some of the main countries the US trades with, including the EU and China, are experiencing economic deceleration, according to David Dollar, a senior fellow at the Brookings Institution's John L Thornton China Center in Washington.
"Right now the United States' growth is quite good and accelerating, whereas Europe is in danger of going into recession and China is slowing down, so it's not surprising that US exports to Europe and China fell," Dollar said.
US-China trade deficit hits record high|Politics|chinadaily.com.cn
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