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Japan ranks as 3rd-biggest country for U.S. trade deficit in 2019

  • February 5, 2020
  • , Kyodo News , 11:34 p.m.
  • English Press

The U.S. goods trade deficit with Japan expanded 2.7 percent to $68.98 billion in 2019, the third-largest among countries with which the United States generated a trade deficit, government data showed Wednesday.

 

The deficit with China shrank 17.6 percent from a year before to $345.62 billion, the lowest level since 2014 as the two countries imposed punitive tariffs on each other amid their trade war.

 

Mexico followed with a record deficit of $101.75 billion, while Germany ranked fourth, with a deficit of $67.17 billion, the Commerce Department said.

 

Globally, the U.S. goods trade deficit shrank 1.7 percent on year to $616.76 billion.

 

Trump has pledged to reduce U.S. trade deficits with major trading partners, including China and Japan, in line with his “America First” mantra.

 

Tokyo was the fourth-biggest deficit generator for Washington in 2018.

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