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.
Yun Sun, a fellow at the Henry L. Stimson Center, wrote in an email that the strong value of the US dollar certainly affects US exports.
“If we look at the dollar-RMB exchange rate, the appreciation of the dollar has been less dramatic,” Sun wrote. “The weak demand from China and Europe also contributes to the drop in US exports and the widening trade deficit.”
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