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Despite all the harsh trade war rhetoric and actions taken up by the U.S. Commerce Department using countervailing and anti-dumping duty laws since 2017, the U.S. goods trade deficits with China continues to rage. It has so far shown no signs of reversing at all. The chart shows the goods trade balance between China and the United States for the first quarter,
Despite all the noise surrounding the trade between the United States and China, and hard data shows that U.S. goods deficit with China reached a new record high in the first quarter of 2018 after reaching an all-time high last year for the entire year.
