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ECONOMY

U.S. trade deficit with Japan biggest in 11 years in April

  • June 6, 2019
  • , Jiji Press , 11:23 p.m.
  • English Press

Washington, June 6 (Jiji Press)–The customs-cleared U.S. goods trade deficit with Japan in April increased 16.4 pct from a year before to 7.2 billion dollars, the Department of Commerce said Thursday.

The deficit was the biggest since the 7.6 billion dollars in April 2008.

Japan is expected to face stronger pressure from the United States to correct the large imbalances, in bilateral trade negotiations that started in April, pundits said.

By country, the U.S. deficit with Japan in the latest reporting month was the third largest, after the deficits with China and Mexico.

 

Some 4.5 billion dollars, or 60 pct, of the deficit with Japan stemmed from automotive trade.

 

In the bilateral negotiations, the United States is calling on Japan to open its agricultural and automotive markets further to U.S. products.

 

The U.S. trade deficit with China stood at 26.9 billion dollars in April, down 3.2 pct year on year.

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