The U.S. Trade Representative says despite the pandemic, the trade deficit with China is shrinking. Robert Lighthizer released August trade data Tuesday, saying the trade deficit with China fell one-point-nine billion as exports to China rose and imports remained level as the Phase One Deal continues to take effect. He says the goods trade deficit with China also decreased more than 16% from the same period in 2019.
Part of the Phase One Deal involves China purchasing U.S.