Container ships in Oakland, California. On Wednesday, the US Commerce Department reported a 10-year high in the trade deficit. Photo: AP

US trade gap surges to a 10-year high at US$621 billion, including a record deficit with China

  • The greater reliance on Chinese imports may reflect an acceleration in economic growth last year from Donald Trump’s debt-funded tax cuts
Topic |   Trade

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Container ships in Oakland, California. On Wednesday, the US Commerce Department reported a 10-year high in the trade deficit. Photo: AP
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