The truth behind the US's huge trade deficit, Economy News – ThinkChina

As far as collective memory goes, for as long as trade deficit records have existed, the US has been in the red. According to the latest figures from the US Department of Commerce, the US trade deficit in August hit a record US$73.3 billion. If this stubborn imbalance of forces continues, the US trade deficit will probably keep going up. Currently, the structural imbalance in the recovery of major global economies from the pandemic is a direct catalyst exacerbating the US trade deficit. China's quick, tight pandemic controls have allowed its industrial and supply chains to recover and return to…