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ECONOMY > Trade

U.S. merchandise trade deficit with Japan shrinks 8% in January

  • March 27, 2019
  • , Kyodo News , 10:39 p.m.
  • English Press

WASHINGTON — The U.S. goods trade deficit with Japan shrank 8.1 percent in January from the previous month to $5.19 billion, the Commerce Department said Wednesday.

 

The deficit with China narrowed 6.4 percent to $34.47 billion, the department said.

 

Despite the reduced trade deficit, U.S. President Donald Trump’s administration is expected to push Japan to cut the deficit in bilateral trade negotiations the two governments plan to start in the near future.

 

The administration is also demanding that China address its trade imbalance with the United States, accusing Beijing of conducting “unfair” trade practices.

 

Globally, the U.S. deficit in trade of both goods and services narrowed 14.6 percent to $51.15 billion.

 

U.S. exports increased 0.9 percent to $207.34 billion, while imports fell 2.6 percent to $258.49 billion.

 

The global trade figures are measured on a balance-of-payments basis after seasonal adjustment, and the country-by-country and regional breakdowns are based on unadjusted customs-cleared data.

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