The U.S. trade balance now stands at $38.7 billion, representing a decrease of approximately 13% from September's level of $44.6 billion. This decline was fueled by a 3.2% increase in exports and a slight decrease in imports.
Additionally, China's trade surplus decreased from $27.2bn to $22.9bn.
What implications will this have on the U.S.-China Joint Commission on Commerce and Trade meeting next week?
1 comment:
This will definitely have a positive impact between the U.S. and China trade relation! The fact of narrower trade surplus is also become very interesting to me, because China's export is still increasing over the past few months. This is probably due to the fact that China has been playing in a new market.
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