U.S. Merchandise Trade Deficit With China in October: $31,109,100,000

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CNS News:

(CNSNews.com) - The United States ran a $31,109,100,000 merchandise trade deficit with the People’s Republic of China in October, according to data released today by the Census Bureau.

 

This $31,109,100,000 bilateral merchandise trade deficit was by far the largest the U.S. ran with any trading partner for the month.

 

The U.S. ran its second largest merchandise trade deficit in October with Mexico--a deficit of $6,194,000,000.

 

The $31,109,100,000 U.S. merchandise trade deficit with China in October was more than five times the $6,194,000,000 trade deficit with Mexico.

[Valin]

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Ben Sasse Verified account ‏@BenSasse

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In thinking about manufacturing job change, consider history of ag:

1790: 90% of workers were farmers

1840: 69%

1900: 38%

1960 8%

1980s: 3%

 

We should be honest that there will be more, not less, job change in the future. We should be encouraging prep for disruption & retraining.

 

7:13 AM - 1 Dec 2016