this post was submitted on 08 Apr 2025
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US imposes 104% tariffs on Chinese goods effective immediately (m.economictimes.com)
submitted 2 months ago by mc900ftJesus@lemy.lol to c/world@quokk.au
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[–] SoleInvictus@lemmy.blahaj.zone 6 points 2 months ago* (last edited 2 months ago)

From your source, the last sentence is

The U.S. goods trade deficit with China was $295.4 billion in 2024, a 5.8 percent increase ($16.3 billion) over 2023.

Doesn't that confirm their assertion of a $200B+ trade deficit or am I confused? I'm not particularly economics savvy.

Edit: derp, I reversed the meaning of their comment, they thought the US has the deficit. They got it backwards!