America’s trade deficit with China hit a record high in September, according to figures reported Friday by the U.S. Commerce Department. The deficit in goods and services trade with China increased to $40.2 billion for the month, the highest ever. In addition, America’s overall foreign trade deficit in goods and services from all countries increased 1.3 percent from August to hit $54 billion for September — hitting a seven-month high. The deficit for goods alone hit an all-time high at $218 billion, reported CNBC. The U.S. is on track to post its biggest foreign trade deficit in a decade, Market Watch reported.

Source: Huffington Post November 03, 2018 04:53 UTC